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Economic Conference Generates $50 Million in Investments in Joint Projects

The world economic conference of Jewish financiers and industrialists, convened here by Prime Minister Levi Eshkol last April, has resulted so far in joint economic projects representing investments of about $50 million, it was announced here today. It was also announced that Deputy Finance Minister Zvi Dinstein has been put in charge of follow-up operations arising from the conference.

Forty-six projects are now in preparation or in the first stages of implementation, an increase of 14 since the economic conference closed. Among these are a half-million dollar investment by Alden Rugs, of Atlanta, Ga. in an Israeli firm that will manufacture plush carpets; a $900,000 investment by Baxter international, of Chicago, for the manufacture of blood preserving systems for export; and a $700,000 investment in the expansion of a local furniture company which will be underwritten by the Empire State Chair Co. of New York, Bentwood of Canada and Zuckerman of Vienna.

Victor M. Carter, chairman of the American regional committee of the Prime Minister’s Council for Israel’s Economic Development, was due to return to the U.S. today after a two-week visit to discuss American-Israeli investment projects.

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