Israel-India Tech Group launches trilateral fund worth 50 million dollars

“We are launching a trilateral investment partnership, a platform which is primarily for the needs and aspirations of the trilateral opportunities,” Dennis Mehta, a member of the Israel-India Technology Group said at the Tech Triangle Summit organised by Nasscom and Indiaspora. 

“Our model uses Israel as the supplier of technology, India as a mass market opportunity and the US -- which is the third important part of the equation -- brings in capital,” he added. 

The summit held by Indian IT industry’s apex body Nasscom in partnership with US-based not-for-profit organisation Indiaspora was aimed at building on the strong economic and intellectual engagement between India and Israel, as well as setting another example of the growing convergence, collaboration and cooperation between the US and India. 

“While the relationships and collaboration between India, Israel and the US, ranging from economic to socio-cultural exchanges have nurtured mutual ties over several decades, today the three nations are natural allies more than ever before, as they share commonalities as well as complementarities,” said R. Chandrashekhar, President, Nasscom.