JStone
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"Two countries aim to marry Israeli innovation with India’s vast manpower through trade and economic cooperation.
Israeli and Indian industry associations signed a memorandum of understating on Wednesday aimed at spurring cross-border innovation and entrepreneurship, as the two countries add high technology to their growing network of trade and economic cooperation.
While bilateral trade has grown exponentially, the agreement between the Confederation of Indian Industry (CII), the country’s biggest trade association, and the Israel High Tech Industries Association, is unusual in that it focuses on technology. The Indian state of Andhra Pradesh, home to the up-and-coming software center of Hyderbad, is close to signing a pact with Israel’s Matimop, a government agency that facilitates multinational research and development ventures.
“There’s a complementary software story. Indian firms are entirely process orientated and Israel firms are much more about product,” Naushad Forbes, director of India’s Forbes Marshall and chairman of CII’s Innovation Council, told The Media Line. “If we put those two together, we can be unbeatable worldwide.”
“Israeli companies are already operating in India. We can learn from each other. There is a tremendous opportunity for collaboration and joint ventures,” Shri Sachin Pilot, the Indian minister of state for communications and information technology, said in Jerusalem.
Andhra Pradesh is already a high tech powerhouse, with software exports last year of $8 billion, equal to half the state’s total. But Ajay Misra, principal secretary to the state’s Information Technology and Communication Department, said India had ambitions to expand out of software into computer and telecommunications hardware. Israeli innovation could help, he said.
“That’s our next step,” he told The Media Line. “We’ve achieved a lot in the software and service sector, but in hardware we haven’t done anything on a big scale.”
Continued: Israel, India look to hi-tech as trade tie... JPost - Middle East
Israeli and Indian industry associations signed a memorandum of understating on Wednesday aimed at spurring cross-border innovation and entrepreneurship, as the two countries add high technology to their growing network of trade and economic cooperation.
While bilateral trade has grown exponentially, the agreement between the Confederation of Indian Industry (CII), the country’s biggest trade association, and the Israel High Tech Industries Association, is unusual in that it focuses on technology. The Indian state of Andhra Pradesh, home to the up-and-coming software center of Hyderbad, is close to signing a pact with Israel’s Matimop, a government agency that facilitates multinational research and development ventures.
“There’s a complementary software story. Indian firms are entirely process orientated and Israel firms are much more about product,” Naushad Forbes, director of India’s Forbes Marshall and chairman of CII’s Innovation Council, told The Media Line. “If we put those two together, we can be unbeatable worldwide.”
“Israeli companies are already operating in India. We can learn from each other. There is a tremendous opportunity for collaboration and joint ventures,” Shri Sachin Pilot, the Indian minister of state for communications and information technology, said in Jerusalem.
Andhra Pradesh is already a high tech powerhouse, with software exports last year of $8 billion, equal to half the state’s total. But Ajay Misra, principal secretary to the state’s Information Technology and Communication Department, said India had ambitions to expand out of software into computer and telecommunications hardware. Israeli innovation could help, he said.
“That’s our next step,” he told The Media Line. “We’ve achieved a lot in the software and service sector, but in hardware we haven’t done anything on a big scale.”
Continued: Israel, India look to hi-tech as trade tie... JPost - Middle East
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