India will announce the second investment round in technological cooperation with Israel

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by Ifi Reporter Category:Government Mar 5, 2019

A business delegation from India, the fastest growing economy in the world, arrived in Israel. This week, the "India Week in Israel" events are being held under the leadership of the Innovation Authority, the Indian Embassy in Israel and the Foreign Trade Administration of the Israeli Ministry of Economy in New Delhi. During the events, a delegation of 30 CEOs and chairmen of leading companies in the Indian high-tech and technology industry arrived in Israel for a cooperation conference in the field of innovation.
Senior officials from India's Ministry of Science and Technology will announce the second investment round of the fund in technological cooperation between India and Israel. Other business delegations also arrived. During the week, the various delegations visit Israeli technology companies and meet with senior executives in the Israeli economy. They are exploring possibilities for collaboration with an emphasis on Fintech, online trading, cyber protection, health technologies, agriculture and energy.
The CEO of the Innovation Authority, Aaron Aharon, the Indian Ambassador to Israel, the Director-General of the Ministry of Science and Technology of India, the Head of the Foreign Trade Administration at the Ministry of Economy and Industry, Ohad Cohen and the Commercial Attache The event will include a panel and professional content tracks, signing agreements for cooperation with Indian corporations and companies, dozens of B2B business meetings and announcing the projects and companies that have won the Foundation's grants.
Aharon Aharon, CEO of the Innovation Authority said: "India views Israel as a breakthrough innovation incubator. For them, cooperation with companies and organizations in Israel can help them create an advantage in the competitive arena worldwide. In order to implement their growth policy, India needs innovative technologies in areas that are challenging for Israeli companies. This is an excellent opportunity for technology cooperation with Indian companies and tools for leveraging potential in the Indian market. "
Ohad Cohen, Director of the Foreign Trade Department at the Ministry of Economy and Industry: "In the last year and a half we have witnessed significant changes in the trade relations with India, and in 2018 we saw for the first time in years a significant 10 percent growth in exports. Of Israel's largest and most important trading partners We are pleased and proud that our activity to strengthen the economic, trade and innovation ties between the two countries has produced impressive cooperation products such as the "Bridge to Innovation" program launched by the two Prime Ministers during the visit of the Prime Minister of India to Israel R & D - I4F, launched by the two during the visit of the Israeli Prime Minister in India to Finland And in the fields of agriculture, water and security as in the past, but in more innovative fields such as Pintek, smart transportation, digital health, solutions to smart cities and means of protection This mission of NASCOM, which includes 30 heads of leading technology companies from all over India and a range of technology sectors, who came to Israel to be exposed to technological innovations and solutions and to examine investment opportunities and cooperation, is another proof of the warming of commercial relations. The Department of Foreign Trade Administration in the Ministry of Economy and Industry in Bangalore, Mumbai and New Delhi will continue to act as a leading, leading and leading government and private sector in India and Israel to maximize the potential for commercial and business cooperation between India and the world's fastest growing economy, And Israel - which is at the forefront of global innovation and R & D. "
The members of the various delegations also participate in the annual conference of OurCrowed, which takes place that week, and some of them will also take part in the various events of the Braintech and FinTech week. Their visit will include meetings at the WIX, Pitango, SOSA, Checkmark and Start-Up Dealers.
India is the fastest growing country in the world, with over 7% per year, and within five years it will become the world's most populous country.
In 2017, foreign investments in India totaled $ 40 billion, more than five times more than in 2005. Total exports to India, including diamonds, totaled $ 2.136 billion in 2018, an increase of 10% 2017.

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