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The industry adopts a mechanism for cooperation with the private sector
Economical 2023/01/23
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Baghdad: morning
Yesterday, Sunday, the Ministry of Industry and Minerals revealed a working mechanism for partnership between the public and private sectors, while setting two conditions for providing raw materials. Meanwhile, economist Bassem Jamil Antoine stated that the private sector holds the keys to advancing national industrial production, and is able to revive the national economy and make it At the forefront of the countries in the region, and that the partnership between the two sectors would
Promoting national production.
The spokeswoman for the ministry, Duha al-Jubouri, told the Iraqi News Agency (INA): “The local industry is based on the public and private sectors. By following up the reality of the work of these projects by conducting field visits to find out the most important problems and obstacles that the projects suffer from and work to find
Appropriate solutions.
She added, “The mechanism for providing raw materials for the establishment of any industrial project depends on two factors; The first is that, in the event that raw materials are available locally, they are supplied to the private sector (as the Ministry of Industry and Minerals companies own raw materials that private sector factories need), and the Directorate was provided with a list of materials available to the Ministry’s companies and their quantities in order to prevent their import. Fundamentalism through the General Directorate of Industrial Development to import the required materials in the number and quantity needed by the industrial project.
As for the economist Bassem Jamil Antoine, he confirmed in an interview with “Al-Sabah” that “attention to the private sector leads to achieving great economic feasibility for the country, as it has the keys to turning the wheel of production from great experiences and manufacturing capabilities, in addition to that it has the quick decision that helps in achieving a smooth flow of production.” High for the productive process, away from all forms of complexity.
Antoine warned that “the development of the reality of national industries requires the availability of great support for the national economy, as it provides job opportunities for a large segment of young people within this sector and in the supporting sectors, and also provides large sums of money allocated to importing similar commodities from the markets.”
regional and international ».
He had called for adopting a sound industrial and commercial policy that coincides with the implementation of the industrial strategy and activating the role of regulatory bodies, civil society organizations and the Association for Market Oversight and Consumer Protection and giving them support.
necessary.
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