Source: Govt engages private sector in effort to grow industry | The Financial Gazette May 24, 2018
THE Ministry of Industry says it is working with the private sector to review strategies to boost industrialisation in the country.
“The private sector is expected to be in the forefront of driving the industrialisation agenda. The drive for industrial development is therefore anchored on close dialogue between government, the private sector and other key stakeholders.
“The role of the private sector is to identify projects, products and processes that will broaden the industrial base and propel the economy up the value addition and technology ladder,” said the ministry in a statement.
The ministry also said government has put in place measures and strategies categorised into short and long-term to drive the country’s industrialisation agenda.
“The Industrial Development Policy is currently being reviewed and the ministry is working with the private sector and has developed sectoral strategies which are currently being implemented.
“The ministry, in collaboration with the private sector, is also developing a Local Content Policy whose objective is to promote production and consumption of local products through utilisation of domestic resources,” reads the statement.
Zimbabwe plans to have its industrialisation agenda guided by the Africa Union’s Agenda 2063, the Southern African Development Community Industrialisation Strategy and Roadmap and the Comesa Industrialisation Strategy, which are anchored on the need for value addition and beneficiation of the region’s abundant natural resources.
The development dovetails with the current economic thrust as well as both the mission and vision of the country’s economic blueprint, the Zimbabwe Agenda for Sustainable Socioeconomic Transformation.
The ministry also plans to carry out awareness campaigns and outreach programmes on industrialisation through development and distribution of industrial bulletins, brochures and pamphlets.
Meanwhile, in terms of skills development, the ministry is proposing that a deliberate policy be developed to include issues of industrialisation in the schools curricular, especially at secondary and tertiary levels.
“Government will continue to come up with appropriate policy interventions and resource mobilisation strategies to propel the country’s industrialisation process forward.”