“Isratech-1981,” an industrial fair featuring Israel-made machinery, electronics, transportation, security and safety products and energy conservation systems was formally opened by Premier Menachem Begin at Binyanei Haooma convention hall here Monday. According to Ramy Gott, director of the Export Institute, its primary purpose is to expose Israeli technology to foreign buyers.
Begin, in his opening remarks, stressed that Israel’s combination of “brains and skilled hands” compensated for its lack of natural resources. Gott said a secondary purpose of the fair is to create inducements for overseas investments. Potential investors cannot seriously consider investments in certain fields unless they see there is a sufficient infrastructure, he said.
The week-long fair is expected to attract at least 700 “serious buyers” of Israeli products with the total number of visitors exceeding earlier forecasts. Israeli exports in the fields represented at the fair rose in the past three years from $456 million to $1.2 billion, Exports are expected to reach $1.5 billion next year.
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