Praia, Cape Verde, 18 April – The industrial sector in Cape Verde should increase its quality and the added value of its traditional products and focus on new sectors to face global competition, an official study to which Macauhub had access has concluded.
The National Strategy for Development of the Industrial Sector, which will be publicly presented next week, proposes the implementation of a program to support improvement of quality of Cape Verdean products, another to support human capital and research and development, as well as the promotion of international investment in infrastructures.
The study considers the agro-food, textile and footwear and construction materials sectors as “strategic” as well as new areas, such as the pharmaceutical and cultural industries.
“The threats the weigh on Cape Verdean industry are the same as those threatening world industry: competition is fierce in the sub-segments occupied by cape Verde,” particularly in textiles and footwear, the study says.
The main obstacles to be overcome on the archipelago are the level of technological development, especially in logistics and transport, infrastructures, cost of loans, lack of arable land, and the small size of the domestic market.
“The delay in terms of research and development, quality management and, more generally, the use of technology, should be imperatively overcome to set up conditions to deal with world competition,” alongside an effort to improve infrastructures, the study says.
In terms of construction materials, the availability of natural resources, such as clay, sand and gravel, “makes it possible to face developments towards value –added markets,” namely tiles and ceramics, by investing in training and technological development, the study says.
The National Strategy for Development of the Industrial Sector is being developed by the General-Directorate for Industry and Energy (DGIE), of the Cape Verdean Economy Ministry and will be publicly presented on April 24 at a seminar in Praia. (macauhub)