India, Israel, UAE Sign Maiden Trilateral Trade Agreement

India, Israel, UAE Sign Maiden Trilateral Trade Agreement

At a recent event organised by the International Federation of Indo-Israel Chambers of Commerce (IFIICC) to discuss the ongoing business collaborations being pursued through IFIICC’s leadership across sectors, India, Israel and the UAE signed  their maiden trilateral agreement.

The partnership has been initiated by IFIICC, as part of which an Israel-based company, Ecoppia, is producing an innovative robotic solar cleaning technology in India for a landmark project in the UAE. The company claims to be the world leader in robotic solutions for photovoltaic solar, offering a connected platform that cost-effectively maximises the performance of utility-scale installations worldwide. It has its manufacturing base is in India, and its global projects span 2,700 MW.

The announcement of the trilateral agreement follows the completion of the Abraham Accords agreements between Israel, the UAE and the US last year in April, which ensured the possibility of enhancement bilateral relations and business partnerships between Israel and the UAE, in the future. The head of the Israeli mission in Dubai, Ambassador Ilan Sztulman Starosta, noted that India being friends with both Israel and UAE “is clearly the preferred partner to leverage the global potential of the UAE, Israel and India Trilateral.” Further Israel and India have “pegged the innovation and international business potential of the UAE, Israel and India Trilateral to be $110 billion by 2030.”

Attending diplomats and members of the business community agreed that the trade among the three countries can propel to a high of USD 110 billion by 2030 by tapping into their mutual strengths.

Reuven Rivlin, President of the State of Israel and founding patron of IFIICC, in his letter to IFIICC wrote, “This belief in shared existence is the legacy I received from my father, and this spirit and belief is what I see in the peace agreements, the Abraham Accords, reached between Israel and the UAE and Bahrain. I also see this spirit and belief in your work together to foster business links that are based on understanding and friendship among the peoples of the region.” He added, “I wish you all success for your discussions together, and that they form the basis of new friendships and partnerships across the region.”

Israeli President Reuven Rivlin, Ambassador of Israel to India Dr. Ron Malka, Indian Ambassador to the UAE Pavan Kapoor, UAE Ambassador to India Dr. Ahmed Abdul Rahman AlBanna, Ambassador of India to Israel who are founding patrons of IFIICC, along with Special Envoy for Energy Jonathan Miller congratulated Ecoppia’s CEO Jean Scemama and IFIICC Founder & Chairperson Merzi Sodawaterwala for this key triumph signed in UAE. Ecoppia’s innovative, fully autonomous, water-free robots will help harness maximum productivity from dusty as well as arid regions, without causing harm to the water resources.

IFIICC, an innovative global organization committed to empowering trusted sustainable strategic partnerships, was launched at its International Headquarters in Dubai, UAE. Its mission is to foster innovation, commerce, investment, cultural exchange and goodwill between the diasporas of India, Israel and world citizens.

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