India-Israel Partnership Holds $25 Billion Potential For Startups
A partnership could create 25 world class products by 2025.
Cross-border investments in startups could generate revenue around $25 billion for India and Israel, said a report as Prime Minister Narendra Modi held talks with his Israeli counterpart Benjamin Netanyahu.
India and Israel’s innovation ecosystems share unique innovation complementary traits in three areas: temperament, talent and technology, Nasscom and Accenture said in a joint report on Wednesday.
The report comes amid Narendra Modi’s three-day visit to Israel, the first by an Indian Prime Minister to the Jewish nation. As technology products and services leaders, collaboration between India and Israel promises to unlock significant gains across key sectors of mutual interest, the report said.
The partnership between Indian and Israeli startups could see the creation of 25 world class products across different sectors by 2025 which would “unleash” the revenue potential, the report added.
It highlighted that a systematic approach and an institutionalised framework is needed for India and Israel to capitalise on their complementary strengths.
