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.

6 thoughts on “Chinamasa demands Capacity Re-utilisation Plan”

  1. Hinloponato says:

    chimirai titonge muone, pamberi nezanu pf

  2. sheperd says:

    Nyangwe akadaro hapana chinochinja,,only biti could bring changes

    1. Sox says:

      Why particularly Biti? Things will change for those looking forward to it. Biti is long gone and Chinamasa is charge just accept and your life will be better instead of just whinning. Biti has also moved on with his life l guess.

  3. kelly says:

    Biti must be Chinamasa’s advisor

  4. lovemore says:

    No matter how the Ministry of Ind will put it across to Chinamasa there will be words such as Foreign Direct Investment will be needed, Indeginisation should re-aligned, Farmers must produce, power availability etc. No matter how much we may bury our heads in the sand and act like we do not need foreign investment or say we do not need it, the fact of the matter is that people will be satisfied once jobs start sprouting like mushroom. If no jobs are created we will still have problems no matter how many shares we may take over. The more jobs created the happier are the common people. And the povo does not care much who creates the jobs, whether its indegenisation, west, China, or Botswana people do not give a hoot. I therefore encourage the minister to pursue policies that create jobs and the problem will be solved.

  5. Gutter Poet says:

    We have heard all this before..I mean making the land a warehouse..what we would like to know is a clear program and time frame about what the minister and his industry colleague are going to do about it. I dont hold out much hope though as there are people in and out of government who are cashing in big time on the current status quo. I think the minister should perhaps just shut up until he has a program ‘in action’ not hoopte doodle and idle waffle.

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