Industrialists that were attending a two-day conference on Industrial Policy in Kigali, co-organized by Ministry of Trade and Industry, International Growth Centre (IGC) and the World Bank observed that operating below their installed capacities affects optimization and profitability of their business entities. <\/p>\n
According to a survey conducted in 2011, most industries in the country utilise only up to 50 percent of installed capacities which affects the prices of their products. <\/p>\n
Industrialists also cited transport hurdles and low capitalization as some of the challenges dogging their performance. <\/p>\n
Brian Ngarambe the proprietor of Bonus Industries dealing in manufacturing alternative packaging materials called for the public to change the mindsets and believe in products made in Rwanda. <\/p>\n
\u201cWe get raw materials from far. We need big capital. Sometimes, the problem of capital and low skills also comes in. There is still a mentality where people think that industries are established by foreign investors,\u201d he explained. <\/p>\n
Private Sector Federation (PSF) Director, Steven Ruzibiza suggested that industries should be subsidized to minimize cost of production.<\/p>\n
Minister of Trade and Industry, Vincent Munyeshyaka assured industrialists that challenges identified during the 2011 survey will be addressed in the new industrial policy.<\/p>\n
He said that despite efforts to increase technical schools there is still a need to step up efforts especially in developing industrial skills and gain from knowledge transfer from expatriates. <\/p>\n
Rwanda is targeting the industrial sector to contribute 21.8% of Gross Domestic Product by 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
Industrialists in Rwanda have called upon the Government to address different loopholes in the country\u2019s industrial performance in the new industrial policy.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-38183","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/38183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=38183"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/38183\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=38183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=38183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=38183"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=38183"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=38183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}