PM GatiShakti Group evaluates key Infrastructure projects (See 'Corp Brief') Misc - Writ Jurisdiction applies only when it is be demonstrated that entity is performing public duty or function concerning its responsibilities: SC (See 'Legal Desk') MeitY opens doors for weavers and rural entrepreneurs at Bharat Tex 2025 (See 'Corp Brief') PMLA - Once fundamental rights of accused under Articles 21 and 22 of Constitution have been violated while arresting accused, he is entitled to bail: SC (See 'Legal Desk') Goyal invites investment from Israel (See 'Corp Brief') A&C - Challenge to arbitral award u/s 34 of Arbitration & Conciliation Act without award itself, is non-est filing: HC (See 'Legal Desk') AI to be used to identify and close mule accounts: HM (See 'Corp Brief') IPR - Unfair advantage gained out of goodwill of registered trademark, amounts to clear case of infringment: HC (See 'Legal Desk') IBC - Order passed by Adjudicating Authority directing Appellant to refund amount is unsustainable: NCLAT (See 'Legal Desk') India-UK Energy Dialogue-advancing India's energy transition held in New Delhi (See 'Corp Brief') Industrial Disputes Act - Adopting course of grant of compensation instead of reinstatement is just and correct, there is no illegality in Award calling for interference: HC (See 'Legal Desk') 54.58 Cr Jan Dhan accounts opened, 55.7% held by women (See 'Corp Brief') SARFAESI Act -If petitioner is having first charge over property registered since 2010 then respondent cannot have priority or charge in view Section 26E of SARFAESI Act: HC (See 'Legal Desk') IEW' 25 to witness unprecedented Global Participation and Innovation (See 'Corp Brief') Misc - Failure to submit material to prove source of income before Adjudicating Authority and even while filing appeal, renders said appeal as erroneous: SAFEMA (See 'Legal Desk') Domestic defence production to cross Rs 1.60 lakh crore by 2025-26: RM (See 'Corp Brief') Aero-India International Seminar begins in Bengaluru (See 'Corp Brief') A&C - Managing director or chairman of party to arbitration agreement can't be appointed as Arbitrator: HC (See 'Legal Desk') Traditional knowledge is India's Exclusive Asset: MoS (See 'Corp Brief') MoD inks Rs 642 Cr contract with BEL for 28 EON-51 systems (See 'Corp Brief') PMLA - Since concealment of proceeds of crime itself is 'offence', Enforcement Directorate is not required to establish where money eventually went: HC (See 'Legal Desk') MoD inks Rs 10,147 Cr contracts with EEL, MIL & BEL for rockets (See 'Corp Brief') Companies Act - Delhi HC allows plea moved by Audit firms; No merit in challenge to Sec 132 of Companies Act based on arguments of vicarious liability, retroactive operation & violation of Art 20(1) of Constitution: HC (See 'Legal Desk') Number of commodities on e-NAM platform reaches 231 (See 'Corp Brief') IBC - Raising money by issuance of convertible debentures with option to be later converted into equity shares, can be classified as 'financial debt' if default is committed by corporate debtor: NCLAT (See 'Legal Desk') BIS & British Standards Institution discuss hydrogen standardization (See 'Corp Brief') IBC - Bar on filing CIRP applications applies only to defaults that occur within moratorium period: HC (See 'Legal Desk') IICA, CMAI sign MoU to enhance capacity for decarbonisation (See 'Corp Brief') IBC - Resolution applicant shall obtain approval of Competition Commission of India under CCI Act prior to approval of such resolution plan by committee of creditors under IBC: SC LB (See 'Legal Desk') India-Japan Dialogue organized to strengthen bilateral cooperation in Steel Sector (See 'Corp Brief') Misc - Earnest money forfeited upon flat booking cancellation must be reasonable and not excessive enough to be considered as penalty u/s 74 of Contract Act: SC (See 'Legal Desk')

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Goyal invites investment from Israel

Published: Feb 12, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 12, 2025: INDIA and Israel's common enemy is terrorism and Prime Ministers of both nations work with a shared purpose to eliminate it. This was stated by Union Minister of Commerce & Industry, Piyush Goyal during his address at the India Israel Business Forum organised by Confederation of Indian Industry (CII) yesterday in New Delhi.

In the last decade, Goyal noted, the Government has focused on strengthening the macroeconomic fundamentals of the country with a strong emphasis on improving the infrastructure to take economic prosperity to every corner of the country. He also pointed out the Centre's efforts to provide public welfare over the years. Yesterday the efforts have given rich dividends. The nation is standing on strong macroeconomic fundamentals with ability to withstand Covid, war and amidst turbulent geopolitical times, he said.

In a bid to prepare the nation to leverage the opportunities, Goyal spoke of 10 Ds - Democracy, Demographic Dividend, Digitalisation of the economy, Decarbonisation, Determination, Dependability of India, Decisive Leadership, Diversity, Development and Demand.

India has a strong judiciary to fall back on, the Minister noted, and said that the young demographic will provide a strong workforce for the future decades to come. Minister Goyal emphasised on India being a dependable partner to Israel as the country is known to keep every commitment it makes. He also stressed on the demand potential of the country that has shown rapid growth and is set to increase every year. Calling India and Israel natural allies, he noted that due to India's large demand growth Israel has several key areas from technology to appliances to invest in.

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