Businesses call for inclusive benefit of new incentives
Friday, March 10, 2017
Government this week unveiled a package of incentives for investors to set up shop in the region following the demise of BCL Group.
The incentives, which are categorised into six packages, include fiscal incentives, government off-take, and provision of land, input costs, softer SPEDU region labour laws and a one-stop service centre. Participants at a meeting held here on SPEDU economic revitalisation programme by the Ministry of Investment, Trade and Industry felt that the incentives would breed competition and create a gap between already existing small businesses.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...