Updated: November 6, 2017 1:15:23 pm
The Indian Institute of Management (IIM) Bangalore has inaugurated an Israel Centre on its campus on Sunday to promote India’s academic collaborations with the middle eastern nation. Commenting that the Israeli economy is based on innovation and the start-up industry, the Israeli ambassador to India stated that Indian technology will support their system and result in a merger of ecosystems.
“India’s strong aspirational entrepreneurial spirit stands to gain from Israel’s vibrant technology-based innovation and entrepreneurship ecosystem. Israel’s aim for market scale up would be aided by India’s large market with innovative opportunities,” IIM Bangalore director G Raghuram said, adding that the Israel centre will provide the platform to understand technology innovation, business strategy and history, government policies and culture. This, he says, will boost further collaborations in academics, research, business and beyond.
The centre will aim to serve business communities in both countries and intensify bilateral cooperation. The venture has been hailed as “a first-of-its-kind” by the Israel’s ambassador to India, Daniel Carmon.
“The Israel Centre is a consolidation of what has been happening already and it is sure to cement the existing thriving business and academic ties between India and Israel. All this can now be taken forward,” said Raghuram
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