Zim commits ZiG550m to industrial growth plan: Modi

GOVERNMENT has set aside ZiG550 million to support the recently launched Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) which addresses growth opportunities in the manufacturing sector by reducing production costs.

Speaking at a breakfast meeting in Harare yesterday, Industry and Commerce deputy minister Rajeshkumar Modi said his ministry chaired the Moving Up the Value Chain and Structural Transformation thematic area under NDS1, which sought to enhance the performance of the manufacturing sector by focusing on value addition and beneficiation of agricultural and mineral commodities.

Modi said the ZIRGP was prioritising 10 critical value chains, six of which were agro-based that included cotton, dairy and sugar, all integral to the country’s economic recovery and industrialisation efforts.

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