Ministry calls on financial institutions to support manufacturing industries. (e P A)

Ministry of Industry (MoI) called up on financial institutions to bridge the wide gap of financial glitches in the manufacturing industries to make them competent in the years to come.

Speaking at discussion forum yesterday, MoI Minister Melaku Alebel said that the manufacturing sector is playing a crucial role in transforming economic and structural changes in a given nation.

“It means that the healthy, strong, and sustainable economic result comes from encouraging the manufacturing sectors that would be improving the livelihoods of the community.”

According to the Minister, Ethiopia has amended the previous policy, stretching new system, developing structure, especially implementing homegrown economic and the likes over the past years.

He further stated that the Ministry has planned to secure 5,000,000 jobs, generate 9 billion USD foreign currencies, improve the productivity.

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