Tanzania intends to raise its GDP from the manufacturing sector to 15 percent by 2015, the Confederation of Tanzania Industries (CTI) chairman, Felix Mosha has said.
He told The Guardian in an exclusive interview shortly after the commemoration of the African Industrialisation Day (AID) dubbed ‘Accelerating Industrialisation for Boosting intra Africa Trade’ in Dar es Salaam yesterday.
Mosha said with the utilisation of the available resources and sustainability of the existing industries the targeted goal can possibly be achieved.
“We want manufacturing industries contribution to the GDP to reach 15 percent, then by 2025 our national vision on becoming a semi industrialised country can simultaneously be attained,” he noted.
Local industries will be able to cope with the free market very well because manufacturing sector in the country has greatly grown compared to other countries in most East African Community (EAC) and South African Development Community (SADC).
According to him, the prevailing challenges in the industry, such as adequate availability of electricity, are temporary problems that are being addressed and in the long term there will be sustainable resources for industrialisation in the country.
He called upon investors to put in more investment efforts in the country saying Tanzania is among the ten fastest growing nations in the world.
Commenting on the collapse of some processing industries, he said, they failed because of some problems, adding that Tanzania still retains its position as ‘the merchant of Africa’ because of ability to restore resources.
He called upon the government to facilitate the availability of industrial inputs such as electricity at low cost in order to reduce production costs.
Also, the port should be kept in a conducive manner in order to facilitate, fasten and smoothen trade within the region.
Reacting on the importation of used products, he said: “Time has come for importation of used products to stop. For example, the Ministry of Agriculture, Food Security and Cooperatives had to intervene on the importation of tomatoes to have the practice stopped. We should therefore import items that are necessary in order to benefit our local producers, create more jobs and nurture our economy by processing raw materials that are locally available”.
At the moment contribution of industries to the GDP stands at 14.6 percent, an average of 8.9 percent per annum.
According to the national development vision 2025, the aim is to make Tanzania a semi industrialised country.