The Mozambican government’s new Policy and Industrial Strategy (PEI) calls for the participation of the local industrial sector in mega-projects and the exploitation of natural resources, in order to promote competitiveness in the national economy.The PEI report says that the strategic objectives of the Mozambican government, which took office in January this year, are laid out in the proposed revision of the PEI, which has yet to be approved by the Mozambican Council of Ministers."The review of the Policy and Industrial Strategy aims to promote the development of economies of scale in industrial production, create industrial linkages upstream and downstream and contribute to the formation of new companies as well as strengthening internal industrial links in relation to the exploration, exploitation and processing of natural resources," the document says.Other PEI goals include promoting the development of human capital and access to finance, and creating appropriate conditions and incentives for investment in the industrial sector. The revision also aims to stimulate innovation and access to technology and research.
Industries prioritised in the new PEI include food and agribusiness, clothing, textiles and footwear, non-metallic minerals, wood and furniture manufacturing, chemicals, metal product manufacturing and drinks. Achieving the new PEI industrial sector goals will entail the implementation of a transport and communications infrastructure program to ensure the integrated development of industrial zones.The proposed revision of the PEI notes that the country does not have an integrated development strategy, lacks infrastructure and depends on imported raw materials. High operating costs, irregular water and electricity supply and difficulties in supplies of raw materials are other constraints.The PEI review notes that domestic business provided just 9 percent of total sector investment in 2014, with the remainder coming from foreign investors.
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