Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israel to Invest Over $300 Million to Boost Manufacturing Sector
Error: Contact form not found.
by Reuters and Algemeiner Staff
An IAI assembly line. Photo: Reuters / Baz Ratner.
Israel’s Finance Ministry said on Thursday it plans to spend 1.15 billion shekels ($333 million) in the coming years to increase the competitiveness of the country’s industrial sector.
The proposal will be submitted to the cabinet for approval in the coming days to be part of the 2019 state budget framework.
Israel’s manufacturing industry accounts for 10 percent of the country’s jobs and half its exports. Industrial output has averaged 1.7 percent growth the past three years, lagging overall economic growth of 3.2 percent on average.
A public committee headed by the ministry’s director general, Shai Babad, recommended allocating 675 million shekels towards research and development and technological innovation, 365 million shekels to increasing skilled manpower and 110 million shekels to removing regulatory barriers.
“The plan … will help provide the tools for traditional industry to improve human capital and productivity while adopting new technologies,” Babad said.
Israel is ranked 53rd out of 189 countries in the ease of doing business, down from 27 in 2007.
