Architect Samrawit has passed away after a fight with cancer

Architect Samrawit has passed away after a fight with cancer.

In the manufacturing industry, it was possible to replace imported products worth 1.9 billion dollars with domestic products - Ministry of Industry

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In the manufacturing industry sector, the Minister of Industry said that 1.9 billion dollars worth of imported products can be replaced by domestic products.

The performance of the third quarter of the fiscal year 2015 is being evaluated in the presence of Prime Minister Abiy Ahmed.

Among the participants of the forum, the Ministers of Agriculture, Revenue and Industry gave their comments; He stated that the performance of the sectors in the nine months of the fiscal year is in a position to achieve their annual plan.

The Minister of Industry said: He said that the manufacturing sector has increased its production capacity from 46% to 53% in the last nine months and achieved 96% of the plan.

On the other hand, he mentioned that in order to produce imported products in the country, products worth 1.9 billion dollars have been replaced in the country and some of our products have started to be exported.

He mentioned that the market share of the manufacturing sector, which was 30 percent at the beginning of the 10-year master plan, is planned to reach 34 percent this year and has reached 37 percent so far.

Next, he said, he will focus on identifying foreign products and replacing them with domestic ones.

Dr. Girma Amente, Minister of Agriculture; He said that the agricultural sector, which has a target of 6 percent growth every year for the next 10 years, is in a position to achieve 6.3 percent this year.

He mentioned that it was easy to replace wheat and beer grains completely, and 50 percent with rice, in the next three years, rice will be completely replaced by domestic production.

The Minister of Revenue is not saying, King. ESA reports that they have achieved encouraging results by achieving 98 percent of the tax revenue collection plan in nine months.

He stated that Ethiopia's development needs are growing at a high level and that increasing revenue performance will help to fulfill this national development needs at a reliable level.

He said that in addition to achieving the plan, they will continue to strengthen their activities by using technology, improving service delivery, increasing the awareness of the tax payer community and legal compliance.