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Indo-Israel technology, start-up investment may touch $25 bn by 2025: Study

Accenture-Nasscom joint report comes as India, Israel mark 25th anniversary of diplomatic ties

Ayan Pramanik  |  Bengaluru 

Narendra Modi and Benjamin Netanyahu
Narendra Modi and Benjamin Netanyahu

and cross-border investment in technology through collaboration among start-ups in the two countries and research are likely to reach $25 billion (nearly Rs 1,66,318 crore) by 2025, estimates a joint report by a software services lobby and

and have jointly stated, in their report called Vision 25/25, that's a cumulative cross-border investment in about 25 world-class products across different sectors could potentially unleash a revenue of up to $25 billion over the next 7-8 years.

The report is announced at a time when and are marking the 25th anniversary of the establishment of diplomatic ties between two nations and Prime Minister is on a three-day visit to

While the cumulative cross-border investment in research and development is estimated to be $14 billion by 2025, the rest of the projected investment should take place through start-up collaboration, said Raghav Narsalay, Managing Director, Research. This does not include any defence-related trade deals.

The investment opportunities could be in the field of and other areas such as healthcare and life sciences, renewable energy agriculture.

"Even if we are able to capture 0.57 per cent of those markets through products and other areas, we could possibly reach $25 billion. Which is achievable. For example, the smart city market itself by 2015 will be a couple of billion," said Narsalay.

Even though the two nations have complemented each other in many different technology and trade aspects, added Narsalay, it is the time they create a "systematic approach" to strengthen the bilateral relationship and investment in and other areas. "A systematic approach and an institutionalised framework are needed for and to capitalise on their complementary strengths, deepen relationships and strengthen understanding of each other's markets."

The report has recommended creation of a programme called INSPIRE (Israel-Startup Platform for Innovative Research and Entrepreneurship). "This framework aims to unleash the combined power of these two nations to deliver on Vision 25/25, by combining their strengths across three areas: talent, technology and temperament."

Interestingly, explaining the broad spectrum of talent and technology sharing by the two nations, the report mentioned that nearly one-third of all the American startups with billion-dollar valuations have an Indian or Israeli founder. 

First Published: Wed, July 05 2017. 21:36 IST
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