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Welcoming the move, Israel`s foreign minister, Avigdor Lieberman, expressed his gratitude to his Indian counterpart, S M Krishna, here on a two day visit, emphasising that the move will give a big push to the burgeoning Indo-Israel trade ties.
"It is a wonderful news coming at a time when the two countries are celebrating 20 years of establishment of diplomatic relations", Lieberman said.
Senior representatives from the Israeli hi-tech sector, many with offices in Bangalore, also welcomed the move saying that it will help cut down a lot of costs and time required to travel to other places for bureaucratic purposes.