PSDS to kickstart NDP 10 theme

| Thursday July 24, 2008 00:00

 

Among the delegates to be in attendance will include Permanent Secretaries, Chief Executive Officers of parastatals and heads of diplomatic missions.

The Permanent Secretary in the Ministry of Trade and Industry Bannie Molosiwa is expected to give a speech on the role of the private sector in development and purpose of the PSDS.

'The government realises the role of the private sector in creating an environment supreme to support job creation.

'Therefore, the private sector development strategy is designed to provide a systematic and coherent framework to promote the development and growth of the private sector,' read a statement from BOCCIM.

'It identifies the gains achieved thus far, the bottlenecks and interventions that will contribute towards establishing an enabling environment that will spur entrepreneurial development, attract foreign and domestic private investment, while at the same time, create business opportunities.

The strategy responds to the aspirations of Vision 2016 and the theme of the National Development Plan (NDP) 10, 2009-2016, currently under preparation,' added the statement.

Vision 2016 aspires to achieve its targets through sustainable growth and a diversified economy with mining, agriculture, industry, manufacturing, services and tourism playing a leading role. 

The theme of NDP 10 is 'creating the conditions for accelerated private sector growth in order to reach Vision 2016 targets.'

The government expects the private sector to lead the process for diversification of the economy, emphasising the central role of the private sector in driving future economic development and growth. The government, at the same time, recognises that the private sector needs strengthening for it to play this important role.