Local traders were inspired to profit from the alternatives supplied by means of the Export Processing Zones Authority (EPZA) during the financial zones to identify industries and give a contribution to financial enlargement.
The EPZA Principal Investment Promotion Officer, Ms Nakadongo Fares, mentioned all through the seventh exhibition of the native business merchandise at Saba Saba grounds alongside Kilwa Road that traders can make investments hugely during the Export Processing Zones (EPZ) and Special Economic Zones (SEZ).
“Investors stand a better chance to be successful if they invest through the EPZ and SEZ schemes due to their efficiency in terms of facilitation and incentives package offered,” she mentioned.
She mentioned traders make investments hugely during the two schemes and wired that the federal government continues developing conducive funding and trade surroundings in the rustic for trade to thrive and give a contribution to financial building.
With financial zones already offering important infrastructure and incentives, it’s conceivable interact in climate-ready investments and infrastructure, provide chain resilience, era developments, synthetic intelligence and cyber safety.
EPZA has reinforced itself in making the funding surroundings in the rustic pleasant thru SEZ and EPZ programmes that have an effect on strategic sectors equivalent to Agriculture and Industry.
Ms Nakadongo additionally mentioned that Tanzania has numerous uncooked fabrics that may allow the rustic to construct a powerful economic system and create extra jobs if they’re used as it should be.
For instance, Tanzania is endowed with an enormous selection of animals that provide immense alternatives for traders to identify kinds of industries in the entire price chain.
“EPZA is concentrating much on the production of quality goods through the economic zones to compete and capture the global markets,” she added.
Ms Fares discussed additionally the alternatives in the cotton sector for which native traders can take hold of immense alternatives and spice up their trade whilst contributing to financial enlargement.
She mentioned the clothes production trade hired the most important selection of other folks mentioning the Tanzania Tooku Garments Co. Ltd positioned on the Benjamin Mkapa Export Processing Zone.
The Tooku manufacturing facility at the side of the Mazava materials manufacturing in Morogoro provides jobs to round 5000 other folks each and every.
Author: Daily News