JTA NEWS
21 October 2018 - 13 Heshvan 5779 - י"ג חשון ה' אלפים תשע"ט
JTA NEWS :
Business
GoforIsrael annual business conference E-mail

The 18th GoforIsrael annual business conference took place in March at the Tel Aviv Hilton hotel. Organised by Cukierman & Co. Investment House Ltd. and Catalyst Funds, GoforIsrael is one of the most influential business conferences in Israel, attracting about 1,000 venture capitalists, PE Funds, key decision-makers, business representatives, leading entrepreneurs and other investors from Israel, China, the US and Europe.

The Chairman of this year’s conference was Ronnie Chan, Chairman of Hang Lung Properties, one of China’s biggest real-estate firms, and Co-Founder of Morningside, his family’s philanthropic foundation. He was one of the key speakers at the conference.

At the two-day event, many Israeli hi-tech companies showcased their latest innovations in areas such as information technology, life sciences and healthcare, cyber security, energy and advanced manufacturing. They hoped to attract Chinese investors who want to profit from the growing demand for high technologies and innovations in China, the fastest-growing economy in the world.

Edouard Cukierman, Chairman of Cukierman Investment House and Managing Partner of Catalyst CEL China Israel Fund, said: “The conference is a great opportunity to meet the leading Israeli entrepreneurs and investors in one place. Israeli technology companies will benefit from pre-organised meetings with potential investors, and the opportunity to present their technologies on stage. We expect to have continuous 1:1 meetings between investors and entrepreneurs during and following the conference.”

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India and Israel ink MoU on water conservation E-mail

India and Israel recently signed a Memorandum of Understanding (MoU) to enhance co-operation on water conservation in India.

India’s minister of state for drinking water and sanitation, SS Ahluwalia, told the Upper House of Parliament that the ministry had signed an MoU with the ministry of energy of the State of Israel on “National Campaign for Water Conservation in India”.

According to the MoU, both sides will work to enhance cooperation at the national, regional and international level to design, implement and monitor a professionally designed National Water Conservation Campaign in India to put water conservation on the national agenda.

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Chinese carrier Sichuan Airlines looking to fly to Israel Print E-mail

In another airline development, Sichuan Airlines has filed a request with the Israel Airports Authority to operate two weekly flights, on Tuesdays and Saturdays, from August, Yediot Ahronot has reported.

China’s Sichuan Airlines plans to launch a new route between Tel Aviv and Chengdu, the country’s fifth-largest city. In 2015, China’s Hainan Airlines launched Tel AvivBeijing flights and recently added a Tel Aviv-Shanghai route. In August this year it will start flying between Tel Aviv and Guangzhou.

(Issue Apr 2018)

 
Developing business ties between Israel and Goa, India E-mail

Bluben International Commerce, a Tel Aviv-based consultancy firm that is in the business of forging partnerships, recently set up a representative office in the city of Panjim in Goa, India.

Avraham Benabou, director general of the company, said it had achieved its first milestone in Goa through an agreement signed with Goa Shipyard Ltd. (GSL). In future, Bluben will be representing GSL in Israel. “The agreement will help GSL seek partners for its various projects,” said Benabou.

Most international companies prefer to set up offices in metro cities, but Benabou explained that Bluben selected Goa “not only due the reasonable cost in the location but mainly because of the quality of environment and the human dimension among the business people and the decision-makers in the state”.

He explained that in the current era of digital communication, a metro office is no longer necessary. In fact, out of its Goa office, the company is already servicing companies in Hyderabad and Maharashtra, he said.

Benabou is a regular traveller to Goa and has seen progress on each visit. He said his firm plans to focus on clean energy and agro-projects. “Goa’s location makes it ideal for ocean energy, and our company is trying its best to push the idea to local policy makers,” he said. The company plans to establish agreements with leading local industries and develop joint projects protecting the character of the state and open new and innovative areas of business.

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Japanese fashion design chain Miniso to open up in Israel E-mail

Following the announcement by Japanese retail chain Daiso that it was commencing activity in Israel, Japanese fashion design and accessories chain Miniso has also announced its entry into Israel.

Miniso’s first branch will open in Tel Aviv in the coming months, and the company is planning to open 50 outlets over the next five years, including 10 in the first year, at a total investment of NIS 15 million. Each store will measure 300400 square metres. The chain’s operations in Israel will be managed by former IKEA Israel CEO Shlomi Gabai.

In the first stage, the company’s range of 9,000 products in its stores in Israel will be in categories such as health and beauty, bags and fashion, textiles, jewellery, hair, toys, writing devices and gifts. The company also holds licences and rights to manufacture branded products based on characters from Disney, Hello Kitty and other well-known brands.

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