BATANGAS CITY—The Batangas State University’s (BatStateU) Knowledge, Innovation and Science Technology (KIST) Park recently boosted its entrepreneurial activities by formalizing a cooperation agreement with the Embassy of India.
Ambassador Shambhu S. Kumaran visited the university’s Pablo Borbon Campus in this city for the cooperation agreement on February 15, the ceremonies of which were arranged by the embassy’s Economic and Commerce First Secretary Nishi Kant Singh and President Dr. Tirso A. Ronquillo of the university.
The partnership between BatStateU KIST Park and the Embassy of India envisions to take the cooperation between the Philippines and India to the next level by creating an ecosystem for leading Indian start-ups to establish their presence and investments in the KIST Park, which could also serve as their Asean regional base.
CEOs, presidents, leaders and executives from Philippine and Indian companies, who are actual and potential locators of the KIST Park representing the electronics, information technology (IT)/business-process outsourcing, agri-tech and space-tech industries, inked several cooperation agreements with BatStateU.
On May 22, 2020, President Duterte signed Proclamation 947, which designated the BatStateU KIST Park as a Special Economic Zone. Already open for locator companies and start-ups, the KIST Park offers income-tax holidays and other fiscal incentives. Business locators will also benefit from the knowledge-generation and commercialization initiatives of the university.
BatStateU is a Level-IV state university in Southern Luzon, and the only state university-college or SUC in the country accredited by the United States’s Accrediting Board for Engineering and Technology for its engineering, IT and computer-science programs. It has a three-star rating in the Quacquarelli Symonds list of top universities.
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