JTA NEWS
2 September 2014 - 7 Elul 5774 - ז' אלול ה' אלפים תשע"ד
JTA NEWS :
Business
Toshiba, Harris plan Israel R&D centres E-mail

Japan’s Toshiba and the U.S. company Harris Broadcast are set to open their first research and development centres in Israel after each acquired a US technology company with Israeli operations in separate deals last year.

The two will join more than 250 multinational R&D centres in the country that employ tens of thousands, operated by companies that include Intel, Apple, Samsung and Siemens. According to sources, foreign R&D centres account for most of the corporate R&D spending in Israel.

Imagine Communications, whose technology rapidly encodes video in different formats, was acquired by Harris Broadcast. Imagine Communications is headquartered in San Diego but its R&D and engineering operations are in Netanya. Imagine Communications was founded by Ron Gutman and Doron Segev.

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Takeda Pharmaceuticals opens office In Israel E-mail

Takeda Pharmaceuticals International announced further expansion of its commercial platform with the establishment of its wholly-owned subsidiary in Israel. Together with Algeria, Ecuador, Peru, Singapore and Vietnam, Israel is the sixth sales entity Takeda has opened to reinforce its platform in growth markets.

Takeda Israel Ltd will be headquartered in the Tel Aviv area and will be responsible for the sales and marketing of selected products from Takeda’s portfolio and pipeline, with an initial focus on oncology.

Takeda Israel will also seek local partners with complementary portfolios, through which to launch additional proven medicines from its current portfolio. Through its established network of local partners, some of the company’s products are currently sold in Israel, mostly treatments in various therapeutic areas.

Israel is a highly developed pharma market with a universal healthcare system that values innovative medicines. The National Health Insurance constantly expands its list of reimbursable products, having dedicated more than a third of its additional funds over the last ten years to cancer treatment.

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TowerJazz signs Shanghai collaboration E-mail

TowerJazz, the brand name of Tower Semiconductor Limited, a global specialty foundry leader that manufactures integrated circuits and a range of customised process technologies, recently announced the signing of a Memorandum of Understanding with Shanghai ICC (Shanghai IC Technology & Industry Promotion Center).

This is the launch of an exclusive partnership to offer Shanghai ICC’s customers TowerJazz’s technical and manufacturing capabilities using its mixed-signal CMOS and power technologies, while expanding TowerJazz’s business opportunities in China.

Shanghai ICC is a nonprofit group formed by the Chinese government to help grow China’s emerging Integrated Circuit (IC) companies. Shanghai ICC has a large technical team and a number of EDA licenses. Through collaboration with Shanghai ICC, TowerJazz will increase its sales potential and technical support.

TowerJazz has made a strong commitment to the China IC market with its Shanghai sales and technical office.As part of this commitment, the foundry has been very focused on supplying the best possible local technical support. Through the partnership TowerJazz gains access to Shanghai ICC’s excellent technical support and broad access to emerging China IC companies and other local potential customers.

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Indian apparel exporters keen on Israel E-mail

After the successful organisation of the Buyer Seller Meet (BSM) by India’s Apparel Export Promotion Council (AEPC) which was held in Tel Aviv from 25-26 November, Dr. A Sakthivel Chairman AEPC, concluded that Israel is a strategic market for Indian apparel exporters.

“Israel is the only country in the world that has Free Trade Agreements (FTA) with both the US and the EU, making it a bridge between the continents. By virtue of the North American Free Trade Area agreement Israel also enjoys duty-free access to Canada and Mexico. This agreement, together with the Israel-Mexico FTA, allows Israel duty-free access to practically all of North America,” he commented.

“Israel also has FTAs with Jordan, Egypt, Turkey and the Palestinian Authority. Therefore, it was in our strategic interest to enter the Israel market,” added Dr. A Sakthivel.

The BSM was inaugurated by Jaideep Sarkar, Ambassador of India to Israel along with Ramzi Gabbay, Chairman of Israel Export and International Corporation Institute.

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Israel and India’s Gujarat state to establish closer arrangements E-mail

Israel and India’s Gujarat state government are moving closer to setting up expanding partnerships between the two in industrial development.

At the same time, a twin city proposal to promote ties between Vadodara also known as Baroda, the third largest and most populated city in the State of Gujarat and the city of Ashkelon in Israel is being formally discussed.

Newly appointed Consulate General of Israel in Mumbai Brett Jonathan Miller announced details in a press conference during his visit to the city last December. While visiting the state he inaugurated the Israel Food Festival and launched a website of citybased ‘Friends of Israel’. Miller also expressed that Israel is keen to increase R&D and cultural ties with Gujarat.

“We are working on a proposal to build a corpus purely to promote business-oriented research. We are finalising the wording of this agreement and it should be signed shortly,” Miller said, adding that the agreement is expected to be signed in the presence of Gujarat Chief Minister Narendra Modi.

The corpus is to fund applied industrial research shared by Israel and Gujarat government for Israeli and Indian firms.

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