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India-Israel FTA: Second Round Talks Wrap Up After Modi’s February Israel Visit
At the end of the third week of July 2026, trade negotiators from India and Israel quietly wrapped up four days of intensive talks at Vanijya Bhawan, a nondescript government building in the heart of New Delhi. The second round of negotiations for the proposed India-Israel Free Trade Agreement concluded on July 23, 2026, with both sides continuing to make progress toward what both governments describe as a balanced, comprehensive, and mutually beneficial deal.
Israel’s Tamir Missile Move
Israel is reportedly exploring a shift of some Tamir interceptor missile production to India, a move that could go beyond cost savings by expanding manufacturing capacity, strengthening supply-chain resilience and deepening India-Israel defence cooperation.
India-Israel investment pact comes into effect
On July 4, 2026, a legal agreement that had been sitting signed on paper for nearly ten months finally crossed the finish line and came into force. The Bilateral Investment Agreement between India and Israel, signed in New Delhi on September 8, 2025 is now live
DAC clears ₹52K cr proposals for the armed forces with focus on air defence
On July 3, 2026, the Defence Acquisition Council (DAC), India's highest decision-making body on defence procurement, met under the chairmanship of Defence Minister Rajnath Singh and cleared Acceptance of Necessity for capital acquisition proposals worth ₹52,000 crore.