Indian companies have role in sustaining Israel’s genocide in Gaza

New Delhi: A fresh report released by the Centre for Financial Accountability (CFA) states that Indian corporations and state-owned enterprises are playing a role in sustaining Israel’s offensive in Gaza. This is happening through the said entities’ investments and partnerships across multiple sectors, Maktoob Media reported.

According to the CFA report, Indian companies are linked to Israeli defence production, surveillance technology, agricultural projects, and infrastructure that are essential for the Zionist nation for its military operations in Palestinian territories and its settlement enterprise in the West Bank and the Golan Heights.

The CFA report, titled Profit and Genocide: Indian Investments in Israel, also highlights that the two-way trade and investment between New Delhi and Tel Aviv is growing, and the Indian government signed a Bilateral Investment Treaty with Israel earlier this month. This is when the international community expresses their outrage over the scale of civilian deaths and destruction in Gaza, and experts term Israel’s actions in the enclave as genocide.

The CFA reports state that India accounted for 40-50 per cent of Israel’s total arms export between 2016 and 2021, making it Israel’s largest defence customer. The Adani-Elbit Advanced Systems India Ltd., a joint venture based in Hyderabad, manufactures the Hermes 900 drones. These are extensively used in Gaza for surveillance and targeted strikes, the CFA report says.

Further, the major technology firms in India, including Tata Consultancy Services, Infosys and Reliance Jio, are linked to Israel’s major digital infrastructure projects. The said partnerships between Indian entities and Israel go beyond ordinary commerce, the report says, adding that Indian companies actively contribute to systems of surveillance, repression and displacement.