New successor policy to boost industrial sector growth: Analysts

Staff Reporter

Political analysts have applauded the new successor policy for the industrial sector saying it was going to improve the manufacturing sector.

Speaking to this publication, Economic Analyst, Terrence Chapwanya said that the new draft policy, which was built upon the achievements gained to date, will addresses persistent challenges in order to unlock new avenues for growth and development in the manufacturing sector going forward.

“The successor policy is premised upon the deliberate decision taken by the Government to open the country for business, modernize, industrialize and promote investment, with the ultimate goal of attaining broad-based economic empowerment, inclusive economic growth and employment creation,” said Chapwanya.

Another political analyst, Allan Saide, indicated that the country’s economic recovery will be underpinned by structural transformation towards industrialization which is critical for sustained economic growth and development.

“Government’s thrust is set to develop and implement policies, strategies and interventions which are conducive for industrial development so as to set the sector on a sustained growth trajectory, the new successor industrial policy is aiming to drive structural transformation and build a strong industry, with linkages with the agriculture and mining sectors.” Saide said.

Meanwhile, the draft Zimbabwe National Industrial Policy (2024-2030) will also advance the uptake of green industry initiatives that can drive sustainable economic growth and provide environmental benefits.