Israel to host industry meet to woo Indian investments

Sunday, January 16, 2011

BANGALORE - Israel will host the second high-tech industry association conference in Jerusalem May 29-June 3 to attract investments and partnerships from India in new technologies spanning IT, telecom, defence, aerospace, renewable energy and security.

Organised by the Israeli ministry of industry, trade and labour, the annual conference will provide a platform to investors, venture capital firms, start-ups, entrepreneurs and research and development professionals from India to explore technology partnerships and investments in high-tech industries.

There is huge potential to partner with Israel firms, which bring in intellectual property (IP) and product ideas while Indian companies offer access to market, complementing each other, Sagitaur Ventures Ltd chief executive B.V. Naidu said in a statement here Sunday.

BDO-I2I, a joint venture between BDO Ziv Haft, a leading Israeli accounting and business consulting firm, and I2I Ventures, the holding company, focusing on entrepreneurship, business development and investment banking between the two countries, will coordinate the conference.

About a 100-strong Indian delegation led by BDO India chairman Shailesh Haribhakti will participate in the brainstorming sessions during the six-day conference.

The Indian business contingent will have representatives from trade associations such as Indian Semiconductor Association (ISA), Manufacturers Association of Information Technology (MAIT), The Indus Entrepreneurs (TiE) and Avendus Capital.

Intel India president Praveen Vishakantaiah, ISA vice-chairman Pradip K. Dutta, and Karnatakas IT, biotech and science department principal secretary Ashok Kumar C. Manoli will be among the delegates for the conference.

“The annual event is an ideal platform to build relationships with Israeli firms in multiple areas,” Dutta said, adding as in the first conference in 2010, it will enable networking and developing insights.

The association is the gateway to access Israeli technology with a mission to strengthen the Israeli high-tech industry across the value chain and create a global technological and innovative leadership.

Filed under: Economy

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