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Time to chart way forward in industrial development

The day brings together all important stakeholders in the industrial sector development, including the Ministry of Industry and Trade, the United Nations Industrial Development (UNIDO), the Confederation of Tanzania Industries (CTI) and the private sector.

The theme for this year’s commemoration is “Inclusive and Sustainable Industrial Development: African Agro-Industry for Food Security’’.

The theme emphasizes equal economic development, considering the value addition on agriculture products by investing in agro-industries instead of exporting raw commodities.

Export of raw products has been making most African countries, Tanzania included, realise low income and loss of job creating opportunities.

This is an opportunity for the private sector to put more investments in creating infrastructures for carrying out agro processing that will bring about multiplier effects to both farmers earnings and contributions to the economy.

To make sure there is a friendly investment environment, the Ministry of Industry and Trade has been working closely with the private sector to address challenges facing the sector, like the unfair competition to domestic goods as well as presence of substandard good.

The aim of addressing the shortfalls is to increase productivity and production of quality products that meet national and international standards as well as contributing to job creation.

Under the Big Results Now (BRN) initiatives, agriculture outputs has increased vastly, the situation that calls for more investments in value addition to increase farmer’s earnings and the sector’s contributions to the economy.

According to the ministry, increased production in almost all crops calls for more investment on value addition industries to capture the internal and regional markets.

Statistics show that the manufacturing sector contribution to the Gross Domestic Product (GDP) increased to 10.2 per cent in 2012 from 9.8 in 2010.

The United Nations Industrial Development Organisation (UNIDO) says the Africa Industrialisation Day aims also to encourage more investments in manufacturing and realise existing opportunities in the industrial sector growth.

For UNIDO, having excellent figures regarding industrial growth normally given during such events, was insufficient if it does not impact into social transformation and poverty alleviation.

Thus increased investments on value addition could bring about differences in the farming activities.

THE thrust of one of the popular Kiswahili ...

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Author: EDITOR

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