TCCIA warned the government that a blanket cost-cutting drive would prove counterproductive in the long run. "If the government spends more, it will also be in a better position to collect more revenue, there is a huge chance for return on investment," said TCCIA vice president for Industries Octavian Mshiu.

 

TCCIA's newly-elected president Ndibalema Mayanja said TCCIA was obliged to advise government on how best to realise the dream of creating an industrialised economy.

 

"We support the government's stance on industrialisation," he said, revealing the TCCIA's plans to revive its "strong networks" at the district and regional levels. There are also plans to partner with India to train locals on how best to run small-scale industries.

 

"We have already met with the Indian High Commissioner and there was an agreement to dispatch local investors to India where they will learn how to run small industries," said Mr Mayanja.

Source : allafrica.com