DEVELOP OWN VALUE CHAINS – ZAM

(ZANIS) The Zambia Association of Manufacturers – ZAM- has called for targeted incentives for companies wanting to establish value addition industries.

ZANIS reports that ZAM President, ASHU SAGAR says doing so will help the country develop its own value chains and ultimately enhance the inflow of the world’s major currencies such as the US dollar.

Mr. SAGAR said in an interview that creation of value chains remains the plea of his association and that once established; it will be easier to understand how to create the much needed incentives of taxation.

He said there is a lot to learn from what the Democratic Republic of Congo-DRC has done when it comes to developing value chains for electric vehicle batteries.

Mr. SAGAR said the challenge has been that a lot of attention has been paid to extractive industries alone and neglecting incentives that can promote value addition to raw materials from such industries.

He has also called for the skills development policy because the current skills being generated are not meeting industrial demand.

Mr. SAGAR said the introduction of market demand skills is vital if value chains are to be created.

He said the next stage of development can only be successful if value chains are identified and putting in place the right skills.

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