Hi-tech guru calls for support of traditional industry

Dr. Yossi Vardi urges gov't to allocate research and development budgets for the traditional industry.

September 6, 2007 20:28
1 minute read.
factory industry 88

factory industry 88. (photo credit: )

Internet guru and winner of the Industry Prize 2007 Dr. Yossi Vardi, urged the government to allocate research and development budgets for the traditional industry located mainly in the periphery in an effort to create hundreds of thousands of jobs in the economy. "Although the hi-tech industry has been growing strongly over recent years bringing foreign investment into Israel, the problem is that we provide for only 7 percent of the population but get 93% of the attention," Vardi said at the Industry Prize ceremony of the Manufacturers Association of Israel on Wednesday night in Tel Aviv. "The time has come to change proportions and to invest the government's R&D budgets into the traditional industry to create jobs." At the ceremony, which was attended by leading figures in industry, as well as Knesset Chairman Dalia Itzik and Industry, Trade and Labor Minister Eli Yishai, Vardi emphasized the importance of redefining the function of the hi-tech industry. "Hi-tech should have its place not only in the software and electronics industry but in all industries including the traditional industry," he said. "We all agree that we need hi-tech but we in the hi-tech industry feel that we are not creating jobs. Employment is mainly created by the traditional industry and therefore we need to support and strengthen this industry." Vardi referred to Brosh's project to transfer 50 factories from the center of the country to the periphery as a move in the right direction. "This project is just the first step. Additional factories should be moved to the South and the North of the country to create thousands of jobs in these areas," Vardi said. "We all, including the government, are not doing enough."

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection


Israel Weather
  • 14 - 34
    Beer Sheva
    14 - 31
    Tel Aviv - Yafo
  • 16 - 29
    12 - 30
  • 20 - 34
    14 - 32