MINISTER DAVIES TO LAUNCH THE 6th ITERATION OF THE
INDUSTRIAL POLICY ACTION PLAN
By BRIAN KAJENGO
Members of the media invited to the launch of the 6th
Iteration of the Industrial Policy Action Plan (IPAP) 2014/15-2016/17 that
hosted by the Minister of Trade and Industry, Dr Rob Davies:
The event will take place on Monday 7
April 2014 Industrial Development Corporation (IDC) 19 Fredman Drive, Sandown
The major achievements of IPAP in the past years have
been to stabilise the manufacturing sector, grow important parts of it, prevent
de-industrialisation and limit job losses in the sector. Key highlights
include:
· Developing
supportive industrial financing instruments, including the Manufacturing
Competitiveness Enhancement Programme (MCEP) and re-oriented and targeted
Industrial Development Corporation (IDC) funding
· putting in place mechanisms to leverage public procurement for the competitive manufacture of inputs into
major areas of public infrastructure and expenditure including rail rolling
stock, pharmaceuticals, and clothing and textiles.
· attracting multi-billion
rand investment into automotive assembly and component production.
· turning around the fortunes of the clothing, textiles and
footwear sectors and stabilising
employment.
The plan represents a continuous
consolidation and strengthening of concrete industrial policy interventions as
underpinned by the National Industrial Policy Framework (NIPF) and also finds
expression in the key pillars set out in the New Growth Path (NGP). The
Industrial Policy Action Plan (IPAP) 2014/15 – 2016/17 is the last iteration
under the current administration
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