The establishment of Knowledge, Innovation, and Science Technology Park (KIST) at the Batangas State University (BatStateU) could clear the way for startups from India, as well as from other countries, to establish their presence in the Philippines and accelerate the country’s shift to the new knowledge economy.
Carlos Dominguez, Department of Finance (DOF) secretary, commenting on the formal launch of KIST yesterday, said “this is an opportunity for India to create an ecosystem for its leading startups to establish their presence in the Philippines. Our country can even serve as India’s Asean regional base.
Dominguez said both countries will benefit through enhanced knowledge sharing, increased investments, and more job opportunities
Four memoranda of understanding that aim to jumpstart investments in the KIST Park were also signed during the event. – Angela Celis