 Jerusalem : India has leaped to become Israel's second largest export destination, only next to close ally the US, as the Jewish state focuses on tapping potential in the Asian markets.
As per the figures provided by the Israel's Export and International Cooperation Institute, India jumped from the eighth position to the second favoured destination for Israeli exports in the first half of 2010, according to a report. Israeli exports to India in the first half of this year equalled USD 990 million, an increase of 102 per cent compared to that in the same period in 2009.
The reason for this sharp jump was a 63 per cent leap in exports by Israel's mining, minerals and quarrying sector, which exported USD 228 million worth of products, mainly fertilisers, to the sub-continent. One of the biggest exporters to India in this sector was Dead Sea Works, a subsidiary of Israel Chemicals.
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