In order to revitalize the domestic manufacturing industry's downturn competitiveness, the government raised a budget of 135 billion won (dinars) in the first half of June, equivalent to about 2 billion US dollars, the most expensive financing loans for machinery and industrial semi-finished products, the first wave Great incentives for the textile, leather and furniture industries to enhance the competitiveness of the industry.
Algiers Prime Minister Ouyrher personally presided over the Industrial Reengineering Action Conference (CPE), stating that domestic traditional industries faced strong foreign competition and showed a sharp decline in recent years, causing the trend of manufacturers to dismiss employees and close the factory.
In view of this, the government launched a five-year industrial revitalization plan including the national industry dominated by the textile, leather and wood industries. These industries are facing fierce foreign competition for imported products, which has affected nearly two-thirds of the domestic production chain's livelihood; the Ministry of Trade estimates that it needs to invest RMB 94.5 billion in capital to activate domestic manufacturing.
30% of the fund will assist companies in repaying taxes, bank financing and redemption of debts back to the Algerian central bank; textile companies have proposed more than 23.9 billion dinars to invest in machinery and equipment; Secondly, the textile fashion industry needs 7.4 billion dinars, the wood processing industry 5.4 billion dinars and the leather industry 2.8 billion dinars and other financial assistance. The Ministry of Finance said that companies need to purchase machinery and equipment to enhance their industrial competitiveness, and also apply to this fund discount.
As far as the textile industry is concerned, it is the industry that creates the most employment opportunities in the country. Among them, the state-owned organization Texmaco specializes in the production of textile fabrics, including 25 middle and downstream garment enterprises in related enterprises. In addition, there are 15 downstream garments under the C&H Group. The large state-run textile group accounts for 75% of domestic textile production, employing more than 15,000 employees; its 25% of textile production is created by private companies.
Amar Takjout, secretary-general of the Federation of Industry and Commerce of the Textiles and Leather Industry (FNTTC-UGTA), said that in addition to purchasing machinery and equipment, the government must invest in professional training institutions to help companies find it difficult to find industrial and technical talents and international trade promotion talents. Lack; since 1990, there have been 8 years of social struggles and riots in China, and many professional staff trainings have been lost, especially for art designers and designers in clothing and footwear schools. Algeria has an annual consumption potential of 34 million pairs of shoes, but foreign counterfeit goods are flooded, and the government is forced to implement import quotas and strict trade barriers to protect the livelihoods of domestic producers.
As far as the textile and leather industry is concerned, national citizenship products account for only 15% of domestic demand, and the remaining 85% are dependent on foreign imports. Textile and leather production had a turnover of 26.4 billion dinars in 2009; the industry union demanded 38.5 billion dinars, and the industry has a growth rate of 10% per year.
In addition, in order to reward the exporters of products in the country, since 2003, the government, the Algerian Chamber of Commerce (CACI), the General Administration of Customs, the International Export Business Development Agency (Algex), the Algerian Export Association (Anexal) and the World Trade Center civil society jointly held a commendation for export. Has contributed to the export of manufacturers in the country.
In 2010, the export volume accounted for the first place in the Cevital Group. President IssadRebrab pointed out that the group and the South Korean Samsung strategic alliance, in addition to the assembly of white goods and communications equipment in the country, and in the agricultural products processing industry to enhance the added value of products and other diversified industries In operation, Cevital also generates foreign exchange income in the agricultural product processing industry, such as white sugar production of 380,000 tons of white sugar, and exports to more than 30 countries, including Canada, Switzerland, Indonesia, South Africa and neighboring African countries.
In addition, the jury special awards were awarded to Knauf Enterprises, a company specializing in the manufacture and supply of building materials products, which were awarded to Fairview Corporate Cosmetics and Perfume Manufacturing and Comaver Enterprise Export Cleaners.
This year's attendance at the commendation conference, Minister of Trade Mustafa said that among the export products of the country, industrial products only account for 5% of the total exports, while the rest are petroleum and petroleum derivatives and agricultural products related to raw materials, indicating that the domestic industrial upgrading still needs the government and Enterprises work together.
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