Hon. Modi Outlines Vision for Zimbabwe’s Industrial Revival at ZIRGP Meeting

By Ilyana Sithole

In a significant gathering at Cresta Lodge, yesterday, the Deputy Minister of Industry and Commerce, Hon. R.I. Modi, addressed delegates during the Breakfast Meeting focused on the dissemination of the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) for 2024-2025. The meeting brought together government officials, industry leaders, and stakeholders to discuss the nation’s path toward industrial revitalization.

Hon. Modi began his address by reaffirming Zimbabwe’s commitment to achieving Vision 2030. He highlighted that the ZIRGP is a crucial transitional plan designed to tackle the primary challenges faced by the manufacturing and commercial sectors. As the country concludes the National Development Strategy 1 (NDS1), the ZIRGP aims to pave the way for the formulation of the upcoming National Development Strategy 2 (NDS2) and a new Industrial Development Policy for 2026-2030.

“The purpose of this transitional plan is to address the main challenges and underlying policy issues that need to be resolved,” he stated, emphasizing the government’s proactive approach to industrial development.

A key focus of the Deputy Minister’s remarks was the financial commitment outlined in the recently announced 2025 National Budget. An allocation of ZiG$550.9 million has been dedicated to supporting the implementation of the ZIRGP, signifying the government’s robust commitment to industrial reconstruction and growth.

Additionally, ZiG$100 million has been earmarked for industrial development finance, which will facilitate retooling and working capital for new projects, fostering innovation and capacity building within the industry.

To further support local production, the government has introduced the suspension of duties on inputs used in motor vehicle assembly. This initiative is expected to revitalize the local automotive industry, a sector vital for economic growth. Furthermore, stringent anti-smuggling measures have been implemented to protect domestic industries from the adverse effects of illegal imports.

Recognizing the challenges posed by climate change, Hon. Modi urged manufacturers to adopt sustainable practices. He stated, “The resilience of our sectors is crucial, especially in today’s unpredictable business environment.” He called for the implementation of circular economy practices to enhance resource efficiency and minimize waste in production cycles.

The Deputy Minister stressed that collaboration among government, the private sector, and academia is essential for the successful implementation of the ZIRGP. “Together, we can overcome challenges, harness opportunities, and build an inclusive, competitive, and sustainable industrial sector,” he noted.

In conclusion, Hon. Modi reiterated that the journey to industrial recovery requires unity and determination. The ZIRGP provides a robust framework to address the challenges ahead, enabling Zimbabwe to capitalize on its strengths and work toward a prosperous future.

“Tatenda. Siyabonga,” he concluded, leaving delegates inspired and ready to contribute to the vision of a revitalized industrial landscape in Zimbabwe.