TEL AVIV, ISRAEL — Much of the world may be in an economic slump, but the water technology business in Israel is bucking the trend, officials there were quoted as saying in a November 18 Reuters report.
Israel’s high-tech exports, including its strong water technology sector, are helping that nation’s economy recover faster from the recession than the economies of many other nations, Bank of Israel Governor Stanley Fischer told Reuters.
Executives of Israel-based water technology companies Aqwise, which had a 50 percent sales increase in 2009; Whitewater, which works in water management, security and treatment; and irrigation company NaanDan Jain, a joint venture of an Israeli kibbutz and India’s Jain Irrigation Systems, were quoted in the article.
Aqwise, a developer of water and wastewater treatment systems, was recently listed by the Deloitte firm as Israel’s fastest-growing high-technology company of any type. “In this regard, cleantech has surpassed high-tech for the first time” in Israel, Oded Distell, director of Israel’s national water technology program, said in the article.
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