industrial development policy - ChinaGoAbroad

1.0 THE VISION
To transform Zimbabwe from a producer of primary goods into a
producer of processed value-added goods for both the domestic
and export market.
1.1 MISSION STATEMENT
To create a vibrant, self-sustaining and competitive economy
through promotion of viable industrial and commercial sectors
as well as domestic and international trade.
1.2 OBJECTIVES
1.2.1 The overall objective is to restore the manufacturing sector’s
contribution to GDP of Zimbabwe from the current 15% to 30%
and its contribution to exports from 26% to 50% by 2015 consistent
with the Medium Term Plan. An average real GDP growth of 7%
is targeted under this Policy Framework of 2012-2016.
1.2.3 To create additional employment in the manufacturing sector on
an incremental basis and reduce unemployment levels by 2016.
1.2.4 Increase capacity utilization from the current levels of around
57% to 80% by the end of the planning period.
1.2.5 To re-equip and replace obsolete machinery and new
technologies for import substitution and enhanced value
addition.
1.2.7 To increase the manufactured exports to the SADC and
COMESA regions and the rest of the world.
1.2.8 To promote utilisation of available local raw materials in the
production of goods.
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