Netanyahu Says India’s Adani to Increase Israeli Investment “In a Big Way”

HAIFA (Reuters) —
Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January, in Haifa port, Tuesday. (REUTERS/Amir Cohen)

Indian magnate Gautam Adani plans to increase his investment in Israel “in a big way,” Prime Minister Binyamin Netanyahu said on Tuesday at a ceremony marking Adani’s purchase of Haifa port.

A consortium led by India’s Adani Group completed the purchase of Haifa Port two weeks ago for NIS 4 billion ($1.15 billion).

The sale of one of Israel’s main seaports took five years and marked the culmination of a nearly two-decade reform of an underperforming sector plagued for years by labor strikes.

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