Focus on local market first, PS tells investors

Dar es Salaam. The permanent Secretary in the Ministry of Industries, Investment and Trade Prof Joseph Buchweishaija has advised investors to ensure stability of the local market before exporting their products.

He made the statement today, Friday August 17, when gracing a seminar aiming at building capacity to media stakeholders on how to protect consumers’ rights.

The seminar was organized by Fair Competition Commission (FCC).

The PS said the government is determined to ensure that all investment by local and foreigners are satisfying the local demand before the surplus is exported.

"The industrial economy is aimed to ensure both markets are being fed accordingly," he said on his speech during the seminar that brought together senior writers and business editors.

Adding, "This is not a hub of selling products to others, you must sell to locals first so that they can get fair and after that you can export."

Prof Buchweishaija was of a view that if this will not be achieved then industrialization strategy will become meaningless.

"If we are exporting products and the local market is facing supply shortage there is no meaning of having many industries" he said.