This initiative aims to establish a globally competitive national industry base. By 2030, the policy aims to increase the manufacturing sector’s contribution to GDP from 16% to 20%, raise the role of entrepreneurship in the workforce from 2.8% to 7%, and boost the share of industrial exports in GDP from 14% to 20%.

Addressing the press briefing titled “Two Years of Progress and Way Forward” held at the Presidential Media Centre (PMC) yesterday (31), the Secretary noted that the final draft for amending the Industrial Promotion Act has been submitted to the Attorney General’s Department for approval, ensuring it meets current and future needs.