India becomes Israel's 2nd largest export stop

Wednesday, 10 November 2010, 17:48 Hrs
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Jerusalem: India has become Israel's second largest export destination after the United States, as the Jewish state focusses on tapping potential in the Asian markets.

As per the figures provided by Israel's Export and International Cooperation Institute, India jumped from the eighth position to second as the favoured destination for Israeli exports in the first half of 2010.

Israeli exports to India in the first half of this year equalled $990 million, an increase of 102 percent compared to last year.

The reason for this sharp jump was a 63 percent leap in exports by Israel's mining, minerals and quarrying sector, which exported 228 million dollars worth of products, mainly fertilisers, to the subcontinent.

One of the biggest exporters to India in this sector was Dead Sea Works, a subsidiary of Israel Chemicals.
Source: PTI
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