A new five-year plan for Israeli industry calling for a total increase in output of $1, 300, 000, 000 and the doubling of exports, was introduced into the Knesset, Israel’s Parliament, today by Zev Sherf, Israel’s Minister of Commerce and Industry.
The plan calls for major investments to be made in plants manufacturing machine tools and agricultural equipment which are usually made to individual specification and do not call for mass production requiring large markets. The industrial scheme will provide jobs for 100, 000 workers, including 70, 000 new openings and 30, 000 replacements for retiring workers.
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