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New Age2.png IPAP designed to push targets set in NDP Bernard Sathekge, The New Age, Johannesburg, 8 May 2015 Minister of Trade and Industry Rob Davies said the Industrial Policy Action Plan (IPAP) is not, as is sometimes incorrectly suggested, an "annual change of industrial policy", but it seeks to continuously strengthen industrial policy instruments. Davies was speaking yesterday at the official launch of the IPAP 2015-16, 2017-18 edition. Davies said: "As at March 31, a total of R3.7bn had been approved under the programme, of which R2.6bn has been disbursed since its inception in 2010. "The Manufacturing Value Addition (MVA) increase attributable to the Clothing Textile Competitiveness Programme (CTCP) between the base of 2009 and 2014 is R3.9bn while the overall sector experienced declines in output and value added over this period," Davies said. According to the DTI, at a cost to date of R2.6bn disbursed, the CTCP facilitated the creation of R3.9bn of additional MVA as well as 6900 new jobs, in the short term. Further, a total of 3384 private sector enterprises across all provinces were provided with incentives and other support in 2014 to the value of R13.6bn. Davies said a comprehensive bouquet of incentives is structured, in the main, as an "open architecture" system. "Increasingly, across all sectors, in an effort to maximise economic impact and critically important export growth, the conditions for access to government support will not only be tightened, but increasingly directed towards support for 'winning' companies that have demonstrated proven capacity. "To coincide with the launch of IPAP 2015, the DTI announces further designations for local procurement in product areas such as transformers, power-line hardware, steel conveyance pipes, mining and construction vehicles." He said this was the strongest signal to date that the government intends deploying industrial policy instruments where it believes it can achieve maximum leverage to support the private sector. "Under the auspices of the Presidential Infrastructure Coordination Committee, 645 infrastructure projects across the country valued at R3.6 trillion must procure the types of products areas identified from local manufacturers. "Across the whole range of IPAP interventions, local content requirements will continue to be strengthened wherever applicable, including in flagship success areas like the latest window of the Renewable Energy Independent Power Producers Programme," Davies said. [email protected] From: http://tnaepaper.co.za/ -- -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . --- You received this message because you are subscribed to the Google Groups "YCLSA Discussion Forum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
