Israel India | Business Guide | 2017

Invest in Israel > General Content > 029 Companies such as TATA, Ybrant and Infosys already have R&D presence in Israel. Furthermore, Indian companies also understand the potential for advanced manufacturing in Israel, with Wipro acquiring H.R. Givon, an Israeli aerospace components manufacturer, and Jain Irrigation acquiring NaanDan and Gavish - Israeli agro-technology companies I n recent years,Israel has become a global hub for innovation.This is mainly due to an enabling ecosystem that is a blend of multiple factors,creating a unique environment that allows innovation to flourish.The main factors contributing to this ecosystem are, among others:world-class academia,a talented workforce,presence of almost 300 R&D centers of multinationals, a very active VC funding and an entrepreneurial culture. This spirit of innovation and entrepreneurship is not confined to R&D and pervades other activities like manufacturing, and more generally the whole business ethos. How to copewith the investment process Another important component of this ecosystem is the supportive government policy. The Israeli Government is open for business. As part of this effort, the Ministry of Economy and Industry promotes foreign investments in Israel, with programs and services designed to address every phase of the investment process. A few examples: ‏ • Tax Breaks: Competitive industrial enterprises that are listed in Israel are entitled to preferred corporate tax rates that could be single-digit tax rate if operating in National Priority Regions (most of Israel's southern and northern regions). Israel's Business-Friendly Ecosystem Invest in Israel introduces you to the Israeli Innovation Ecosystem. More Indian companies can benefit from the supportive government policy ‏ • Grants for Capital: Industrial companies located in National Priority Regions can receive grants of up to 30% of the approved investment, covering investments in fixed assets (equipment, buildings, furniture, etc.) for a period of 5 years. ‏ • R&D Grants: The R&D Fund, operated by the Israel Innovation Authority,allocates about $250 million each year for high-tech activity for companies in a variety of sectors and at different stages of development. Thus, one could see how comprehensive governmental incentives –coupledwith Israel's innovative edge -make Israel one of theworld’s most attractive places for foreign investors. Indian companies with presence in Israel Indian companies are already starting to recognize the opportunity in Israel.Companies such as TATA,Ybrant and Infosys already have R&D presence in Israel. Furthermore, Indian companies also understand the potential for advanced manufacturing in Israel, with Wipro acquiring H.R.Givon,an Israeli aerospace components manufacturer,and Jain Irrigation acquiring NaanDan and Gavish - Israeli agro- technology companies. Role of Invest in India We at Invest in Israel are here to help you.We are a 'one-stop-shop' for foreign investment in Ziva Eger, Chief Executive at Foreign Investments and Industrial Cooperation, Ministry of Economy and Industry, Israel Israel.If you are an investor or a multinational company, we will engage with you at conferences abroad and in Israel and supply information about the Israeli ecosystem, escort you during your visit, answer follow- up questions, help you navigate the Israeli government set-up, deal with regulations, and much more.In addition,we will be here to assist you even after you have made your investment - to ensure that you have the best Invest in Israel experience.Please don't hesitate to be in touch! Tel Aviv Coastlin. photo by: © Sean Pavone, Dreamstime.com