Salvadoran Industries with New Strategies
The Salvadoran Association of Industrialists (ASI) will submit a proposal with new policies to seek recovery of the sector.
Thursday, October 14, 2010
The union's executive director, Jorge Arriaza, told Elsalvador.com that part of the proposal will be submitted during the Sixth Congress of ASI.
Economy Minister Hector Dada and the president of the Salvadoran Association of Industrialists Javier Siman, have released a document entitled "Industrial Policy 2011-2024."
According to entrepreneurs the government's proposal for the development of the manufacturing sector does not include a budget nor does it specify how results will be measured.
The Government and the private sector intend to raise industry's share of GDP from 19% to 40% and triple worker's incomes by the year 2044.
A strategy focused on increasing competitiveness by reducing production costs and facilitating the creation of added value is what industrial enterprises have asked for.
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