331
The following are amongst the measures put forward through the Industrial
Development Strategy:
• Creating a conducive environment for industrial development and
investment;
• Building a functioning and well-regulated financial sector;
• Investing in infrastructure, transport and telecommunications that lower the
cost of business, reliable water supply provision, and power generation,
essential inputs to any industrial activity;
• Ensuring the availability of land;
• Establishing an efficient legal framework and contract enforcement, and
other administration systems;
• Strengthening activities under the capacity-building initiative, especially the
Engineering Capacity Building Program (ECBP);
• Enforcing a working system that can sustain strong market competition;
• Providing direct support and guidance to strategic sectors identified as the
textile and garment industries; meat, leather and leather product industries;
other agro-processing industries; the construction industry; and small and
micro enterprises.
332
Specific targets highlighted in PASDEP (2006/06 - 2009/10) are to improve
service times for customs clearance from weeks to a matter of days or hours.
Time taken to get a business license has been set to reduce from 25 days to 2
days and achieve a target of less than 1 hour in the longer term, while procedures
to access land for businesses have also been streamlined.
Investment Promotion.
333
Government policy promotes both foreign and domestic private investment.
To this end, appropriate institutional frameworks and incentives to encourage
private investment were put in place. Selected tax incentives, export incentives
and the creation of a conducive regulatory environment have largely contributed to
increases in gross investment. A full list of available incentives is given in Box 3.
- 140 -
Select target paragraph3
Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents