Tanzania’s government has maintained a strong commitment to encouraging the private sector to actively participate in development projects conducted in collaboration with the public sector, in particular by investing in manufacturing, health care, and infrastructure, in order to achieve the Tanzania Development Vision 2050.
Mshamu Ali Munde, the Deputy Minister for Finance, made the statement while speaking with executives and workers from the packaging, exercise book, and paper production sectors who were at his office at the Ministry of Finance’s Treasury Square in Dodoma.
Deputy Minister Munde said the Government is aware of the critical role the private sector plays in driving economic growth and improving the livelihoods of its citizens.
Tanzania’s goal is to have a trillion-dollar economy under the Tanzania Development Vision 2050, he continued, stressing that the private sector must play a key role in this growth plan.
“We aim for a trillion-dollar economy in Tanzania Development Vision 2050. We want your contribution to be even bigger than that of the public sector because you are key stakeholders in this nation’s progress,” Munde stated.
In order to safeguard the domestic market, improve sales of locally made goods, and increase national revenue, he also gave the Tanzania Revenue Authority (TRA) instructions to tighten control over the importation of illegal goods into the nation.
Additionally, he encouraged regional producers to keep raising the caliber of their goods in order to become more competitive in both local and foreign markets, which would boost exports and industrial development.
Osman Haruni, the head of the packaging industry delegation, praised the government for consistently enhancing the business climate, stating that it has been a major force behind investment and industrial production in the nation.
In addition, he observed that the sector continues to grow as a result of the interactions between the Government and the private sector, as well as a call for further improvements in the business environment in order to enhance productivity and quality of locally produced products.