Earlier this week, India signed a historic investment pact with Israel.

The deal, known as the Bilateral Investment Agreement (BIA), is meant to bolster investor confidence and provide smoother business transactions between the two countries.

And it does appear that a significant goal of this deal is to protect Adani’s investments in Haifa Port, as well as an attempt to keep the India Middle East Corridor (IMEC) - an economic corridor linking India to western markets - alive.

The IMEC corridor, underwritten by the US and envisaged as a trade route to counter China’s Belt and Road Initiative (BRI), has been marred with obstacles since Israel’s genocide in Gaza began.