Adani Group-US Court Saga: Now, Israel Minister Says... - Details

Nir Barkat, Minister of Economy, Israel, on Tuesday said the country has no concerns about the recent allegations against Adani Group in the US. He said that it will not impact the country's ongoing projects with the Adani Group.

What Did Nir Barkat Say?

Asked if Israel was concerned about the Adani Group's investments in Israel following the indictment charges against the group in the US, Barkat said, "It's not our issue. It's not going to impact what is happening in Israel," he said, news agency ANI quoted.

Nir Barkat On India-Israel Relationship

"Israel is a powerhouse of innovation. The areas we excel in are relevant to the global market. We have advanced industries. The close relationship between Israel and India - government to government and people to people, creates an ecosystem for scaling these ideas in India and influencing the rest of the region and world. India is on the right track," the Israeli minister said.

Further, Barkat expressed his gratitude to the Indian government for their support during difficult times.

"On October 7, one of the first calls was from PM Modi. We as Israelis respect that. We understand how deep the relationship is. It's also an opportunity to say thank you to the whole govt of India. You (India) know how to stand beside us in times of trouble. We have a long good memory about India," Barkat told ANI.

Why Is Adani Important for Israel?

The Adani Group holds a 70 per cent stake in Haifa port in northern Israel and is involved in projects with Israeli firms, including manufacturing military drones and commercial semiconductors.

Adani Group has vehemently denied any accusations against them and said that the claims by the US Court were 'baseless'.