Business / Industry Sectors
Israel to consider India for business and trade deals over other Asian countries
20/06/2014
Mr. Jaideep Sarkar urges Israel to turn its attention towards India as a leading business destination for technology exchange

Indian Ambassador to Israel, Mr. Jaideep Sarkar believes that the nation should strengthen its ties with India in view of the former’s rise as an important trading partner in Asia. There is rising competition between China and India to win over Israeli technology. While Israel has so far considered China a default destination for business deals in Asia, Mr. Sarkar feels it’s time Israel turned its attention towards India. 


According to Mr. Sarkar, India’s stable democracy and effective legal systems could benefit trade agreements between the two countries. India’s population is also English speaking for the most part and is technically qualified. He further asserted that Israelis feel more comfortable in India than in other countries in Asia, stating that these factors would help both countries prosper together.


Language barriers can become very burdensome for some traders in China who would need to hire translator fluent in both English and native Mandarin in order to communicate with local traders. The business culture also varies significantly between both countries. Another hurdle traders have to face in China is the enforcement of intellectual property, which is very weak in the nation. Patent violation cases usually end with very low penalties for the local companies. Many Israeli traders put up with these issues just because there are plenty of opportunities in China. However, Mr. Sarkar admitted that India has an equal number of, if not better, opportunities that traders can reap owing to minimal language, cultural, linguistic and legal differences.


Mr. Sarkar revealed that India has massive work force, producing nearly 500,000 engineers, scientists and tech workers annually. The domestic market is huge with a progressive population. India is also a prime gateway to countries in Southeast Asia, Africa, Latin America, etc. that Israel could develop potential business relationships with Mr. Sarkar explained that the Israeli system of bringing together technology and entrepreneurship is exceptional, with the nation displaying a great tech incubation system in many universities. He asserted that a business relationship could turn out to be a potential win-win situation for both countries. India does have business relationships with Israel. However, most of them are relegated to agricultural and defense technology. Mr. Sarkar expressed his wish to see more tie ups in other fields like mobile technology, networks and biotech, etc.

In order to achieve this, Mr. Vishal Dharmadhikari has set up an organization called India Cyber Connect, which is handling cooperation in the cyber security arena between both countries. Israel happens to be the world center of cyber security. In addition, India’s increasing cloud usage and need for security protocols could very well lead to a serious tech relationship between the countries.

 

Source: Asia Hack

 

Register your company in our INDEX OF COMPANIES

Have comments? Write to us | Send to a friend | Print |
Share |
ad
ad
ad
ad
ad
ad