Achieving self-sufficiency through the industrial sector

This week, the Minister of Industrialization and Trade, David Ralambofiringa, traveled to Riyadh to participate in the MPFI forum on industrial policy.

The event was organized by the United Nations Industrial Development Organization (UNIDO). According to the government representative, Madagascar has developed and implemented an industrial development plan, driven in part by its new Industrial Programming Law. This law aims to increase the contribution of the country’s industrial sectors to the national GDP by up to 30%, which is key to achieving food self-sufficiency and promoting the value chains of processed products.

«This is precisely why we have established an industrial development plan. The ‘One District, One Factory’ project aims to create industrial processing units in each district to capitalize on the resources of each area of the island and market them both locally and internationally », David Ralambofiringa said before an audience of international industry professionals, researchers, and potential investors. The Minister noted that the country faces various challenges in this endeavor, particularly in promoting and enhancing its industrial sectors.

To improve the business environment, significant reforms have been introduced, including a new investment law, cooperative legislation, and the Industrial Programming Law. The adoption of an environmentally sustainable industrial policy is also yielding results. «This is the case for Madagascar, and we have the opportunity to serve as an example for other countries in the early stages of industrial development », emphasized David Ralambofiringa.