INDUSTRIAL DEVELOPMENT POLICY - SUMMARY

1. INTRODUCTION

It was common amongst various governments that there is great potential in the private sector to develop if the there is increase in the productive sector. It is aniticpated that this developmetn will broaden the action platform for the private sector. It was this in mind that the Industrial Development Policy was incepted in 1994. The policy aims at increasing and diversifying degrees of industrial production which was only confined to coconut production and logging activities via the introduciton of LSL operation on Kolombangara and Allardyce operatiosn on Virau Harbour and Shotlands respectively from 1950 to late 1970s. Evn though there wa an increase of these activities during 1980s it was understood that the resources still exceeds the applied technology. In the light of these developments the government uphols the Industrila Development Policy to encourage and promote commercial and industrial sectors of the Solomon Islands economy which is registered among the priorirties of the government. Although there were change of political governments, this policy statement was still high among their respective Policies, Strategies and Programmes of Action (pink book) during their reign. The Industrial Development Divsiion (IDD) was to coordinate economical activities envisaged at broadening the productive sector of the economy. To this end, the Ministry of Commerce, Employment and Tourism through IDD embarks on development programmes and schemes which will harmonsie the restructing in all relevant sectors to achieve and effective and balanced growth in the economy. This approach encompasses developments in appropriate sectors where domestic resource production and development will become tangible and a priority for development of small and medium scale industries initiated by indigenous Solomon Islanders. This measure will be encouraged along with private sector investment at large scale which may be initiated by foreign investors. To effectively implement and achieve the policy statement, certain principles, objectives and strategies were designed.

2. PRINCIPLES

3. POLICY OBJECTIVES

4. STRATEGIES

5. SPECIFIC POLICY MEASURES

6. PRIORITY DEVELOPMENTS FOR THE PROMOTION OF INDUSTRY

7. CREDIT GUARANTEE SCHEME

8. DEVELOPMENT PROJECTS

9. LEGISLATION

The Division is administering the Protected Status Industries Act, Cap. 72 of the Laws of the Solomon Islands

 

 

DIVISIONS WITHIN MINISTRY OF COMMERCE
IMMIGRATION DIVISION
LABOUR DIVISION
GOVERNMENT MINISTRIES
NATIONAL PARLIAMENT OF SOLOMON ISLANDS
OFFICE OF THE PRIME MINISTER & CABINET
MINISTRY OF FINANCE & TREASURY
BUSINESS DIRECTORY
BUSINESS CLASSIFIEDS
PHILATELIC BUREAU
KAOLO SUNSET RESORT
USEFUL LINKS

Solomon Islands Visitors Bureau
Laws of Solomon Islands on PacLII
Central Bank of Solomon Islands
SI National Provident Fund