KAM launches Manufacturing Sector Deep Dive Report
Kenya Association of Manufacturers (KAM) has launched a report that seeks to identify cross-cutting constraints to growth, possible solutions, and sector-specific interventions to unlock the manufacturing sector’s growth potential.
The report that features 14 of the key manufacturing sub-sectors that constitute the industry, provides a critical submission in the development of policy and strategy for the revival of the manufacturing sector under the Big Four Agenda.
Speaking during the launch, KAM Chairman Mr Sachen Gudka highlighted that the report is designed to assist Government in its quest to revamp the manufacturing sector. Adding that, the report whose information was sort from KAM members, shall form a baseline for reference in the industry.
‘The low and declining shares in manufacturing, industrial and exporting sectors in GDP constitute a major challenge to economic growth, as stated in the Medium- Term Plan 3 Concept Note. Our engagements in the development of the Sector Deep Dive Report revealed that there is a very high possibility of value chain integration, if some sector specific proposals are considered.
Value addition promotes the growth of backward and forward linkages, and in the process creates the much-needed productive jobs for the youth, and equally, increases the purchasing power of citizens,’ said Mr Gudka.