Indian investors are interested in Israeli innovation

Posted on Jul 26, 2018 by Ifi Reporter

Dr. Ami Appelbaum, Chairman of the Innovation Authority and Chief Scientist of the Ministry of Economics and Industry, recently visited India to promote Israeli innovation, mutual investments and cooperation with representatives from the Indian side.
During his visit, Dr. Appelbaum will meet Indian billionaire Mukesh Ambani, the wealthiest man in the subcontinent, whose fortune is estimated at $ 44.3 billion (Ambani holds 48% of the shares of India's Reliance Industries, a holding company engaged in textiles, ), And Ambani is the owner of the Mumbai Indians cricket club, and also met with Indian technology giant Tech Mahindra, in order to examine the expansion of cooperation with other sectors of the Israeli industry.
In addition, Applbaum has a roundtable on "Israeli Ecosystems and Investment Opportunities in Israeli Innovation" together with senior investors from the industry, family-owned venture capital funds, venture capital funds and large Indian corporations. Most of the participants at the round table have no prior and in-depth background with the Israeli eco-system. Therefore, the main purpose of the meeting is to persuade other investors to come to Israel.
 India is one of the strongest, most important and developing economies in the world (ranked sixth in the global GDP dimension of the World Bank.) Recently, there has been a growing interest among Indian investors and corporations seeking investment and R & D opportunities in Israel. In view of the great interest, at the beginning of the month, the Economic Attaché of the Ministry of Economy and Industry in Mumbai brought to Israel an investor looking for investments in Israel. Dr. Appelbaum's visit comes as part of the strengthening of economic relations between the two countries and the warming of diplomatic and tourism relations.
Dana Nahari, the economic attaché of the Ministry of Economy and Industry in Mumbai, said: "I am pleased to see that Indian investors have been interested in the past few years and are looking forward to the huge high-tech industry in Israel, which they regard as the start-up nation. Challenges shared by India and Israel, and some are in precision agriculture, water and cyber, so the Indians are eager to learn and cooperate with Israeli companies. "


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