Oct 11, 2011
Local auto industry to benefit from new procurement rules, says DaviesBack
Automotive|Gross Domestic Product|Manufactured Products|Manufacturing|Products|Retail|Rob Davies
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He said these regulations will empower government to prescribe to its departments and State-owned enterprises that it may only procure locally manufactured products, or locally manufactured products with a prescribed minimum local content, from certain designated sectors of the economy, such as the automotive industry.
Davies said this was made possible by the support government provided to the industry, mainly under the current Motor Industry Development Programme (MIDP).
The minister told the gathering the MIDP, which was to be replaced by a new programme, the Automotive Production and Development Programme (APDP), in 2013, had succeeded in a number of fields.
A key objective of the APDP is stimulating the expansion of vehicle production to 1.2-million vehicles a year by 2020.
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