adminThe policy is intended to lift industrial output from 40 to 100 percent by 2015.
It is anticipated that the manufacturing sector will contribute 30 percent of the Gross Domestic Product by 2015.
A major feature of the policy is the establishment of an Industrial Development Bank (IDB) within six months of the launch of the policy.
Addressing delegates at a three-day Confederation of Zimbabwe Industries international business expo, Industry and Commerce Minister Professor Welshman Ncube said the clothing and textile industry was one of the key sectors which the policy sought to resuscitate.
“We will be launching the Industrial and Trade policies as one of the array of measures designed to improve the context of doing business in Zimbabwe,” he said.
Prof Ncube said the Government had put in place a host of other measures to promote and protect investment in the country.
“There is now political stability in the country. We are now using the multiple currencies among others, all meant to reduce the risk of doing business in the country,” he said.
He said the country was working on mending relations with international partners.
“We are restoring international relations with the European Union, America and others,” he said.
According to CZI, the country requires $2 billion to return to its former status although the economy is on the recovery path and rated the fastest growing in the region, at nine percent per annum.
Prof Ncube said economic challenges the country was facing were all investment opportunities which could be exploited.
“Poor infrastructure and road and rail network, power shortages and lack of credit lines are all opportunities that can be exploited,” he said.
“We guarantee the safety of your business and as Government we will continue to address those things that remain a concern to the business community and to investors.” — New Ziana.
Online Reporter