Israeli industry now employs 120,000 workers in manufacturing enterprises which, last year, turned out products valued at $1,000,000,000, according to Arieh L. Shenkar, president of the Israeli Manufacturers Association, who addressed the opening session of the association’s annual convention here this morning.
According to the president of the IMA, the value of last year’s products manufactured in this country compared with $800,000,000 worth produced in 1953. Fifty percent of the country’s manufactures are exported abroad under barter agreements, he reported. Other speakers at the opening session of the convention included Prime Minister Moshe Sharett, Minister of Finance Levi Eshkol, and Peretz Bernstein, chairman of the General Zionist Party and a noted economist.
Mr. Sharett, in his address, told the manufacturers that the government hopes to have ready for opening soon the Institute for Industrial Management, an organization being developed jointly by the government, the Manufacturers Association, and the United States Operations Mission, which administers American technical assistance here.
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