Israel to Provide India With Better, Cheaper Health Care
Tuesday, January 19, 2016
Already close collaborators in areas like defense and agritech, Israel and India will soon be working together on health technologies, through the good offices of the World Bank’s International Finance Corporation.
Following a deal signed last Wednesday, Israel’s Economy Ministry is to join the IFC’s TechEmerge program, which seeks out innovative tech solutions for the developing world.
Under the deal, “TechEmerge will identify top health technology innovators and match their services with interested healthcare providers in India,” the IFC said. The organization runs programs throughout the developing world to help modernize and develop economies.
Companies chosen for the program will receive funding, as well as guidance on how to succeed in the Indian economy. The Israeli firms will build up new business relationships, while Indian health providers will get access to advanced medical technologies.
The agreement was signed at the second annual Foreign Trade Conference, sponsored by the ministry’s Foreign Trade Administration. The FTA hosted hundreds of entrepreneurs and investors who came to meet representatives of the 41 Israeli trade delegations spread around the world.