A delegation of CEOs from the All India Management Association (AIMA) will visit Israel from July 14-18 to experience first-hand the country’s high-technology and innovation ecosystem and understand the factors that earned it the ‘Start-up Nation’ tag, the association’s president Harshavardhan Neotia said on Friday.
The delegation, the first of its kind visiting Israel, would comprise about 20 members including Sunil Kant Munjal, Chairman, The Hero Enterprise; TV Mohandas Pai, Chairman, Manipal Global Education Services; and Preetha Reddy, Execsutive Vice-Chairman, Apollo Hospitals Enterprise.
“In recent years, the AIMA has been taking CEO delegations to the hotbeds of technological innovation in the US (Silicon valley) and China. This year too, plans are afoot to organise the fourth edition of the delegation to Silicon Valley from September 30 to October 3,” said Neotia.
Regarding policy changes needed to develop similar tech hubs in India, Neotia said the country already has a large tech hub in Bengaluru and other smaller ones in Delhi NCR, Chennai and Pune.
However, Indian tech hubs are more focussed on the application of technology ratther than being involved in radical innovation.
“Creating an innovation hub in India requires a policy of sandboxing innovations so that the innovators are not constrained by the existing rules and regulations,” said Neotia.