daglous masveta
Mutsawashe Mashandure
Herald Correspondent
The Ministry of Industry and Commerce has unveiled the Zimbabwe Industrial Reconstruction and Growth Plan for the period 2024-2025.
This initiative aims to enhance the domestic economy by promoting the procurement of locally produced goods.
Speaking during the launch of the plan recently, Deputy Minister of Industry and Commerce, Raj Modi, emphasised the importance of revising policies to create a transitional plan.
“There was need to align the new iteration of the Industrial Development Policy with the upcoming National Development Strategy 2 (2026-2030). The decision to formulate a transitional plan was adopted,” he said.
Deputy Minister Modi stressed that the plan is designed to tackle critical challenges in the manufacturing and policy sectors, promoting economic recovery and industrialisation.
“This plan addresses the underlying policy concerns as we transition from National Development Strategy 1 (NDS 1) to National Development Strategy 2 (NDS 2),” he said.
He also mentioned that the plan builds upon previous policies and aligns with the forthcoming municipal development strategy for 2026-2030.
“We are committed to formulating a transitional plan that effectively addresses the underlying policy issues that need attention,” he added.
Deputy minister Modi highlighted that to boost local production, the Government has suspended duties on inputs used in the motor vehicle industry.
“This move is essential for revitalising our local automotive sector. Sustainable practices in manufacturing will enhance resource efficiency and minimise waste,” he said.
Online Reporter
