"Official Israeli figures show that Israeli exports to India valued $1.270 billion in 2006 and imports $1.433 billion, to double the bilateral trade to more than tenfold since 1992. India's Ambassador to Israel, Arun Kumar Singh, said recently that Israeli investments in India top $1b. Agricultural, water and IT technologies in addition to fertilizers and diamonds are major mutual trade concerns. The State Bank of India (SBI) became in June the first foreign bank to open a branch in Israel's diamond exchange."
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