Cabinet considered and approved the Zimbabwe Leather Sector Strategy: 2021-2030 that seeks to tap into export markets for the finished products and increased investments in the industry.
Addressing the media during the post cabinet briefing, Minister of Information and Broadcasting Services Hon Monica Mutsvangwa revealed that the leather sector’s blueprint to bring in foreign currency through exports.
“The strategy will prioritise increased investments in industry, with emphasis on value addition and beneficiation of agricultural produce to promote export-led industrialisation as well as increase employment opportunities.
“The strategy which is a successor to the Leather Sector Strategy (2012-2017) seeks to increase the overall competitiveness of the leather value chain in Zimbabwe and enhance access to both local and export markets for the finished products.
“Cabinet noted that the objectives of the strategy are to increase capacity utilisation of value-added products from 30% to 75% by the end of 2030; to enhance the application of sustainable production technologies by manufacturing companies from the current 10% to 60% by 2030; to increase the export of leather products from 10% of production to 40%; and to lobby for the development and reform of 70% of the identified policies and legal frameworks for the transformation of the sector by 2030”, she revealed.
Mutsvangwa added that amongst the strategies to be employed include the capacitation of the livestock farmers, introduction of new technologies, the promotion of product and market development by value chain players and advocacy programmes on introduction of supportive policies.
The strategy also seeks to promote the rural industrialisation drive and the devolution agenda since it will be implemented through devolved structures to reach and empower the local communities.
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