India has reduced its investments in the Republic of Iran in favour of Israel, Israel's Maariv reported today.
The Hebrew agency added that the officials from India, Greece and Israel have met at the centre of oil exploration in Israel.
The Indian government recently said that its relations with Israel "are a sufficient reason to reduce its ties with Iran."
Early this week, official sources revealed that Netanyahu is slated to travel to India in January for a three-day visit during which he will meet with his Indian counterpart, Narandra Modi, to discuss strengthening trade and economic ties between the two countries.
India took part in its first military drill with Israel earlier this month, a move which follows Modi's trip to Israel earlier this year. However it was later reported that New Delhi had cancelled a $500 million arms deal which would have seen it purchase 8,000 Spike anti-tank missiles and 300 missile launchers from Tel Aviv.