Related Keywords: boost capacity, Finance minister Patrick Chinamasa, increase customs duty on poly-knitted fabric, Manufacturers’ Rebate of duty, open general import licence, removal of blankets, twenty four months, Zimbabwean textile sector
Finance minister Patrick Chinamasa announces removal of blankets from the Open General Import Licence for a period of 24 months, as it would boost their capacity which was welcomed by the Zimbabwean textile sector. However, the sector was quick to urge the government to be implementers of the policies not only crafters.
Presenting his mid-year fiscal policy review last week, Chinamasa said that the textile industry was one of the low hanging fruits, whereby turnaround could be realized within a short period, if adequate support was availed.
