HARARE, Sept. 26 (Xinhua) -- The Zimbabwean government is formulating a new national industrial development policy to drive industrialization and achieve its goal of becoming an upper middle income economy by 2030, a senior government official said on Tuesday.

The Zimbabwe National Industrial Development Policy 2024-2030 will build upon the achievements of the current policy for the 2019-2023 period, Mavis Sibanda, permanent secretary in the Ministry of Industry and Commerce, said at a consultative meeting on the draft policy.

She said the current policy made considerable strides in strengthening the country's industrial sector, addressing key challenges and leveraging emerging opportunities.

The manufacturing sector is third after mining and agriculture in terms of contribution to the country's GDP, according to Sibanda.

"Going forward, the Zimbabwe National Industrial Development Policy 2024-2030 is aiming to drive structural transformation and build a strong industry, with linkages to the agriculture and mining sectors," Sibanda said.

It will also foster rural industrialization and advance the uptake of green industry initiatives, she added.

"In order to successfully implement and monitor this policy, we firmly believe that a private sector-led approach is essential. The government's role will be that of an enabler, working closely with industry experts and stakeholders to create an environment of trust, collaboration and shared responsibility," Sibanda said.

She added that the ministry will also seek industrial financing from cooperating partners to drive the agenda. Enditem

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