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A GLOBAL / COUNTRY STUDY and REPORT on “ISRAEL” Gujarat Technological University

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A GLOBAL / COUNTRY STUDY and REPORT on “ISRAEL” Gujarat Technological University A GLOBAL / COUNTRY STUDY AND REPORT On “ISRAEL” Submitted to Gujarat Technological University Submitted by N. R. Institute Of Business Management, Ahmedabad IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION [Batch: 2011-13] MBA SEMESTER IV Under the Guidance of Prof. Rajsee Joshi Prof. Amish Soni Prof. Prashant Pareek N.R Institute of Business Management MBA PROGRAMME Affiliated to Gujarat Technological University Ahmedabad April, 2013 PREFACE As a part of the course curriculum, Second Year M.B.A. students have to undergo Global Country Report, which is designed keeping the prerogative and preferences of corporate field in mind. It is aimed to give students an international exposure in various spheres and let them gain a thorough understanding of a country and its comparison with Indian standards. Also the main objective of preparing such a project report is to aid the students explore the management subjects from a practical viewpoint. This Global Country Report covers ISRAEL as a country under study is submitted to N.R. Institute of Business Management as a part of M.B.A Course from Gujarat Technological University. It is the presentation of our learning during the study. During the study we analysed the country as a whole with various analytical tools. We have also analysed various sectors and have done a broad country comparison with India. The Country Report mirrors the team work of students and is intended to be a useful reference for all readers and researchers. I ACKNOWLEDGEMENT First and foremost we would like to acknowledge N. R. Institute of Business Management (NRIBM), Gujarat Technological University (GTU) for offering this golden to undertake such a project report. Through this project we have gained significant insights about the international arena and have been able to correlate our management subjects with it. It gives us the immense pleasure to present this Global Country Report on “Israel”. The submission of this Report gives us an to convey our gratitude to all those people whose helping hands and guidance have made this project possible. We sincerely express our thanks to our Director, Dr. Hitesh Ruparel for providing such an informative platform for learning. We express our deepest gratitude to our faculty guides, Prof. Rajsee Joshi, Prof. Amish Soni and Prof. Prashant Pareek for their invaluable inputs, guidance and moral support. We also thank everyone of the student fraternity who has participated in this project and applaud the team spirit and co-operation of all the students involved with the Country Report. We acknowledge and thank all those people who have directly or indirectly have extended a helping hand and without whose kind support and co-operation, this project would not have seen the light of the day. II Sr. No. Topic Page No. Preface I Acknowledgement II Summary of 3rd SEM 1 Defence Industry 1.1Introduction 2 1.2Major Players in the Defence Industry in Israel 2 1.3Present Trade : Israel 4 1.4Defence Technology 4 1.5Resources 5 1.6Legal system 5 1.7Products & Services offered by players in India 6 1.8Barriers to Entry in Indian Defence Industry 7 1.9Present Trade: India 7 1.10 Technology Advancement in India 8 1.11Comparison of Defence Industry of Israel & India 9 1.12Comaprison of Defence firms 9 1.13Opportunity 12 2 Electronic Industry 15 2.1Introduction 16 2.2Electronic Industry in Israel 16 2.3Trade Policy : Israel 19 2.4STrade Policy: India 20 2.5Legal Aspects to Electronic Industry 22 2.6 Present Trade: Israel 23 2.7 Present Trade: India 24 2.8 Technological Scenario 25 2.9 Patterns of Corporate Investment: Israel 28 2.10Requirements 2.10 2.11 Investment Climate in Israel 30 2.12 Opportunities 33 3 Tourism Industry 42 III 3.1Introduction 43 3.2Legal Factors 46 3.3WTO 47 3.4Economic Factors 47 3.5Social Factors 48 3.6Technological Factors 49 3.7 Environmental Factors 50 3.8Resources 50 3.9 Investment Climate in Israel 51 3.10 Opportunities 54 4 Diamond Industry 56 4.1Introduction 57 4.2Diamond Industry of Israel 58 4.3Companies of the Diamond Industry 58 4.4Financial Comparison of Companies 60 4.5 WTO Trade Policy 63 4.6Diamond Technology 64 4.7Resources 65 4.8 Opportunities 66 5 Chemical Industry 67 5.1Introduction 68 5.2Major Companies and Products 68 5.3Present Trade 70 5.4WTO Trade Policy 70 5.5Legal Aspects 71 5.6 Present Trade Policy 72 5.7 Technology 72 5.8 Prevaling Investment Pattern in Israel 72 5.9 Resources 73 5.10 Comparison of India and Israel 74 5.11 Barriers for Indian Companies 77 5.12 Opportunities 80 IV 6 Communication Industry 83 6.1Introduction 84 6.2Products/Services 85 6.3Key Players 88 6.4India’s Communication Industry 89 6.5Products/Services of Communication Industry 89 6.6 Major Companies in India 93 6.7 Opportunities 98 7 Agriculture Industry 100 7.1Introduction 101 7.2Major Players in Israel 104 7.3Industry in India 104 7.4 Major players in India 105 7.5Exports & Imports 105 7.6WTO Trade Policy 106 7.7Present Trade Policy 107 7.8Technology 108 7.9 Resources 109 7.10PEST Analysis 110 7.11 Comparative Analysis of Companies 111 7.12 Opportunities 116 8 Banking Sector 119 8.1 Introduction 120 8.2 Major Players of Israel 121 8.3Products/Services offered by companies in Israel 122 8.4 Present Trade:Israel 123 8.5 Technology: Israel 124 8.6 Resources 124 8.7 Products/Services offered by companies in India 126 8.8 Present Trade:India 127 8.9 Technology: India 128 8.10 Comparison of Israel & India 129 V 8.11 Opportunities 131 9 Information Technology Sector 135 9.1 Introduction 136 9.2 Political Factors 143 9.3 Economic Factors 143 9.4 Social Factors 143 9.5 Technology Factors 144 9.6 Legal Factors 144 9.7 Environmental Factors 144 9.8 Opportunities 146 10 Power & Energy Sector 152 10.1 Introduction 153 10.2 PESTEL Analysis of Oil & Gas Sector 156 10.3 Comparative Analysis Of Israel and India 164 10.4 Process of E&P Activities 166 10.5 Company Case Study 168 10.6 Opportunities 173 Conclusion 175 Bibliography 179 VI LIST OF TABLES Table No. Content Page No 1.1 Comparison of Defence Industry in 8 Israel & India 1.2 Comparison of Defence Firms 10 1.3 Gap Analysis 13 2.1 Israel Condition of Electronic 30 Components 2.2 Tax Benefits in Israel 36 2.3 Feasibility Study of Israel 40 4.1 Trade Statistics – Diamond Industry 63 5.1 Overall Comparison: India vs Israel 73 5.2 Comparison of Companies in Chemical 77 Industry: India vs Israel 6.1 M&A : Communication Industry 87 6.2 Industry Comparison : India vs Israel 88 6.3 CompanyComparison1: India vs Israel 95 6.4 CompanyComparison2: India vs Israel 96 6.5 CompanyComparison3: India vs Israel 97 7.1 Export of Israel to India in 2011 105 7.2 Imports of Israel to India in 2011 106 8.1 Major Players in Banking Industry: 122 Israel 8.2 Comparison of Industry: Israel vs 129 India 10.2 PESTEL Analysis of Oil & Gas Sector 156 10.3 Comparative Analysis: India vs Israel 164 VII EXECUTIVE SUMMARY rd of 3 SEMESTER VIII 2 3rd SEMESTER POLITICAL FACTORS History Palestine, deliberated a holy land by Jews, Muslims, and Christians, and homeland of the modern state of Israel, known as Canaan to the ancient Hebrews. Palestine's finds its roots in the Barbarians, a people who occupied the southern shoreline part of the country in the 12th century B.C.A Hebrew kingdom established in 1000 B.C. was later divided into the kingdoms of Judah and Israel; they were afterward invaded by Assyrians, Babylonians, Egyptians, Persians, Romans, and Alexander the Great of Macedonia. Palestine became a midpoint of Christian pilgrimage after the emperor Constantine converted to that reliance. Since then, Israel has always been a bone of contention in the middle-east and in the thick all major issues that have rocked the region over the past. The dispute of the gaza strip however holds the supreme positions among all others. Jerusalem’s significance from the religious point of view for the Jews, Christians and muslims has been the trigger for most of the political volatility in the region, especially Israel.S Israel: Government type: Parliamentary democracy Capital: Jerusalem Geographic coordinates: 31 46 N, 35 14 E Time difference: UTC+2 POLITICAL FRAMEWORK: ISRAEL Israel functions under a parliamentary system as a democratic republic with worldwide suffrage. A member of parliament supported by a parliamentary majority becomes the prime minister—usually this is the chair of the major party. The prime minister is the head of government and head of the cabinet. Israel is governed by a 120-member parliament, identified as the Knesset. Membership of the Knesset is based on comparative demonstration of political parties, with a 2% electoral brink, which in practice has resulted in coalition governments. Parliamentary elections are scheduled every four years, but unstable coalitions or a no- confidence vote by the Knesset can melt a government earlier. The Basic Laws of Israel function as an uncodified constitution. 3 In 2003, the Knesset originated to draft an official constitution based on these laws. The president of Israel is head of state, with limited and mostly ceremonial duties. Political conditions From the founding of Israel in 1948 until the election of May 1977, Israel was ruled by successive coalition governments led by the Employment Arrangement (or Mapai prior to 1967).
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