industrial development policy - ChinaGoAbroad

TABLE OF CONTENTS
LIST OF ABBREVIATIONS AND ACRONYMS . . . . . . . . . . . iii
PREFACE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v
FOREWORD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vii
1.0 THE VISION . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.1 MISSION STATEMENT . . . . . . . . . . . . . . . . . . 1
1.2 OBJECTIVES . . . . . . . . . . . . . . . . . . . . . . . 1
1.3 STRATEGIES . . . . . . . . . . . . . . . . . . . . . . . 2
1.4 ASSUMPTIONS . . . . . . . . . . . . . . . . . . . . . 4
2.0 RATIONALE FOR NEW INDUSTRIAL DEVELOPMENT POLICY 5
2.2 Evaluation of the 2004-2010 Industrial Development Policy 6
2.3 Integration with other National Economic Policies . . . . 7
3.0 FUNDAMENTAL PRINCIPLES OF THE NEW INDUSTRIAL
DEVELOPMENT POLICY 2012 – 2016 . . . . . . . . . . . . 9
3.1 The Process . . . . . . . . . . . . . . . . . . . . . . . . 9
3.2 Industrial Financing . . . . . . . . . . . . . . . . . . . 9
3.3 Policy Certainty . . . . . . . . . . . . . . . . . . . . . 10
3.4 Plant, Equipment and Skills Audit . . . . . . . . . . . . 10
3.5 Import Substitution . . . . . . . . . . . . . . . . . . . . 11
3.6 Value Addition . . . . . . . . . . . . . . . . . . . . . . 11
3.7 Tariff Regime . . . . . . . . . . . . . . . . . . . . . . . 12
3.8 Technology Transfer & Research and Development . . 12
3.9 The Cluster Initiative . . . . . . . . . . . . . . . . . . . 14
3.10 National Economic Development Model . . . . . . . . . 15
3.11 Linkage with other Regional Industrial Integration Thrust 15
4.0 PRIORITIZED SECTORS . . . . . . . . . . . . . . . . . . . 17
4.2 Agri – Business Subsector . . . . . . . . . . . . . . . . 18
4.3 Clothing & Textiles . . . . . . . . . . . . . . . . . . . . 20
4.4 Leather and Footwear . . . . . . . . . . . . . . . . . . 22
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