A five-year industrial development policy that seeks to solve production challenges affecting several companies is set to be launched next year.
The expected launch of the policy follows consultations involving government and industry on measures to resuscitate operations and increase production in key sectors of the economy.
The Permanent Secretary in the Ministry of Industry and International Trade, Mrs. Abigail Shonhiwa, said government is engaging captains of industry and commerce in terms of the policy in order to boost productivity in the economy.
â€œIndeed, it is true that the industrial policy will be launchedÂ next year this is being done after consultations with relevant stakeholders,â€ said Shonhiwa.
She revealed that the proposed policy, which will in the next few weeks be submitted to cabinet for approval, also seeks to consolidate macro-economic gains that have been achieved so far in the form of stable prices, restored industrial production and improved business confidence.
The industrial development policy is being crafted when there is concern from industrialists about the need for government to solve the prevailing high production costs in the form of rental, electricity and water bills.