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Cabinet approves 2013/14 to 2015/16 Ipap

14th March 2013

By: Sapa

  

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Cabinet has approved the 2013/14 to 2015/16 industrial policy action plan (Ipap), acting government spokesperson Phumla Williams said on Thursday.

The plan was built on successive iterations of Ipap and reflected continuous improvement and strengthening of concrete industrial development interventions, she told journalists following Cabinet's regular fortnightly Wednesday meeting.

Ipap 2013/15 to 2015/16 was the fifth iteration of Ipap and covered the past full financial year (2011/12), she said.

"Successive iterations of Ipap seek to scale up key interventions over a rolling three-year period, with a 10-year outlook on desired economic outcomes."

Ipap 2013/14 was "informed by the vision" set out in the national development plan.

It was located within and provided one of the key pillars of the new growth path.

The more specific industrial policy framework for Ipap was provided by the national industrial policy framework, which was adopted by the government in 2007.

Trade and Industry Minister Dr Rob Davies would provide further details at the launch, which was scheduled for April 4, Williams said.

Edited by Sapa

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