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Tuesday, December 1st, 2020

SPIID: With a Focus on Manufacturing Industry Development

by February 1, 2018 General

The program is a part of the industrial policy of Kazakhstan and focuses on the development of manufacturing industry with concentration of efforts and resources on a limited number of sectors, regional specialization with cluster approach and efficient sectoral regulation.

The main goal of the State program is an emphasized stimulation of the competitiveness of the manufacturing industry, aimed at increasing labor productivity and the volume of exports of processed goods.

To achieve this goal, the following tasks are defined:

Completing the creation of an effective core industry by modernizing enterprises in traditional sectors.

Creation of new points of industrial growth through the implementation of large branch-specific projects.

Provision of conditions for the emergence of highly efficient industrial entrepreneurship, focused on exports and a constant increase in the productivity of their labor.

Creation of prerequisites for emergence of a critical mass of innovation-active business.

The implementation of the Program will help achieve the 19% growth of exports of manufactured products to the level of 2015 by 2019. The growth of labor productivity in the manufacturing industry will be 22% in real terms to the level of 2015. The volume of investments into fixed assets of manufacturing industry will reach 4.5 trillion tenge in 2015-2019. It is planned to reduce the energy intensity in the manufacturing industry by no less than 7% to the level of 2014.

Source: Prime Minister of the Republic of Kazakhstan