ISDE President Yoram Dvash

DVASH: INDIA MAY EASE VISA REQUIREMENTS FOR ISRAELI DIAMANTAIRES

“The Government of India understands the importance of open trade between India and Israel, especially in the diamond trade, and I estimate that India will ease the entry requirements for Israeli diamantaires and Israeli businessmen and women”, says President of the Israel Diamond Exchange Yoram Dvash, who is currently visiting India as a member of Prime Minister Benjamin Netanyahu’s delegation to the country.

 

Dvash said he is promoting the facilitation of entry requirements for Israeli diamantaires into India. The Israeli delegation is holding meetings with a committee of Indian officials to discuss easing of business barriers and make it easier for Israeli businessmen and women to enter India. Israel asks that they receive a five-year visa instead of the one-year visa given today. In addition, Israel asks that business visas will be processed within four to five days instead of the current two-week timeline, and that its cost be reduced. The Israeli delegation estimates that these requests will be met.

 

“We initiated the request for a permanent three-year visa for Indian diamantaires in Israel, and the Israeli government has approved”, Dvash said, “now, Israeli diamantaires want the same done for them so they can carry on with their work in India – work which brings big profits to both the Israeli and the Indian market. Easing visa requirements is crucial for Israeli diamantaires”.

 

The IDE President added: “In our meetings with senior officials, we talk to them about Israeli innovation and creativity, and how they build our future. We’re focusing on innovation at the IDE as well, promoting a real tech revolution at home. This includes establishing an innovation center for the development of diamond technologies, opening of the diamond trade to e-commerce, launching a new diamond-based digital currency, and more”.
The diamond trade accounts for approximately half the trade between Israel and India. India imports $1 billion worth of rough diamonds every year, and exports roughly the same amount to Israel.

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