HomeLocal NewsChinamasa demands Capacity Re-utilisation Plan

Chinamasa demands Capacity Re-utilisation Plan

FINANCE minister Patrick Chinamasa has told the Ministry of Industry and Commerce to urgently draw up a plan to lift industrial capacity utilisation and boost production.

Hazel Ndebele

Speaking at the Zimbabwe Revenue Authority (Zimra) tax payer appreciation day commemorations today in Harare, Chinamasa said the government was prioritising the revitalisation of all sectors of the economy to boost production and revive industries that ceased operation.

“As you all appreciate, the illegal economic sanctions have severely constrained the manufacturing sector especially in the textile and clothing sub-sectors,” he said.

Chinamasa said cheap imports were hurting the economy.

“We should not accept to be a warehouse of other countries when we have the capacity to produce our own, we cannot operate on the basis of being a warehouse,” he said.

He urged companies and individuals to continue paying tax for the development of the economy.

“Government is aware of the challenges Zimra is facing therefore we are ready to support them in the quest to improve infrastructure and facilities especially at border posts, in order to enhance convenience to the transacting public,” added Chinamasa.

Currently the government is focusing on reviewing fiscal legislation and policies to align them to the new constitution.

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