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Government Enhances Policies For Industrialisation

Government Enhances Policies For Industrialisation

The Government reaffirms its commitment to continue improving fiscal, monetary and sectoral policies, with a view to facilitating domestic and foreign investment and boosting industrialisation in the country.

By prioritising industrialisation, the Executive aims to stimulate national production, substitute imports and promote the diversification of the country’s economy.

The commitment was reaffirmed yesterday, in Maputo, by the Prime Minister, Carlos Agostinho do Rosário, at the opening of an economic seminar organised by the Ministry of Industry and Trade, under the theme “Integrated industrialisation: strategic and operational alignment”.

The initiative constitutes a platform for researchers, analysts and policy makers to share and exchange experiences that will constitute valuable subsidies for the improvement of the National Industrialization Strategy.

According to Carlos Agostinho do Rosário, the Government has designed and implemented economic policy initiatives aimed at developing the value chain of the different sectors of the economy, mainly agriculture, fisheries, mineral and forestry resources.

In order to develop the agriculture value chain, according to the minister, the government has focused on agro-processing in order to strengthen the links between this sector and industry, contributing to the reduction of post-harvest losses and improving the conservation and quality of agricultural products.

“With the promotion of industrialisation, we want to create conditions for our country to increase the production of manufactured goods of greater added value and stop depending on the production of primary products,” he said.

According to the Prime Minister, industrialisation also provides opportunities for increasing exports of manufactured goods and substituting imports, generating gains and savings in foreign currency.

The Government believes that, by promoting industrialization, it will be diversifying the economy, dynamizing the local transformation of natural resources, generating more employment and income opportunities, especially for youth and women.

He added that the government would also continue to promote public-private partnerships, as well as public investment to support private investment, including investment in human capital, logistics infrastructures and improving access to and quality of electricity.

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With these public investments, according to Agostinho do Rosário, the government aims to reduce production costs and promote the connectivity of different markets, contributing to improving the competitiveness of the industrial sector.

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