On the 25th anniversary of the establishment of diplomatic ties between India and Israel, NASSCOM and Accenture are glad to present this first-of-its-kind report on accelerating Indo-Israel collaboration.
Israel is a vibrant country, already leveraging advanced technologies in several sectors, and is one of the leading innovation and technology hubs outside the United States’ Silicon Valley. India is a young and fast growing economy. It has strong capabilities in manufacturing and IT-BPM services, with a growing software product start-up ecosystem. Given these complementary strengths, India and Israel have a valuable opportunity to innovate collaboratively.
The report highlights these strengths and the imperatives to move towards Indo-Israel Collaboration 2.0. It also provides an action framework to achieve ‘Vision 25/25’, which estimates that by 2025, up-to USD 25 billion of revenue potential can be unleashed for businesses in the two nations through cumulative cross-border investments.
India’s ‘jugaad’ mindset (frugal innovation), software talent pool, inclusive innovation and expertise in servitization and B2C product development, complements Israel’s chutzpah, hardware engineering talent, and its prowess in productization, B2B product development and deep technology.
70% of experts surveyed believe that combining the strengths of Indian and Israeli innovators can lead to an incremental flow of innovation-driven investments across both nations in the next three years.
Agriculture, Defence, Deeptech, Healthcare & Lifesciences, Energy
Develop deep-tech R&D corridors; establish Indo-Israel exchange programs for innovators; drive mutual awareness & trust; define right procurement policies.
Download the report and get detailed insights on the sector.
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