2022 State Budget and Fiscal Incentives Presentation
National Economic Recovery Strategy Through Import
Substitution Program (35% Reduction) in 2022
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சச
AA
INDUSTRIAL
CONDITIONS
Require to deepen Industrial Structure
Necessary to be independent on raw
materials and production
Unsupportive regulations and incentives
The P3DN Program is not yet optimal
7
SECTORS FOCUS
Food and
Beverage
Textiles and
Clothing
Import Reduction
STRATEGIC STEPS
through Import
Substitution in Industries
with Large Import Value
Encouraging the
Deepening of
Industrial Structure
Increasing Production
Utilisation of All
Manufacturing
Industry Sectors
Increase in Investment
and Absorption of New
Workers
35% IMPORT
SUBSTITUTION
PROGRAM BY 2020
Source: Ministry of Industry
Automotive
Chemical
Electronic
Utilisation
60%
(2020)
Utilisation
Utilisation
75%
85%
(2021)
(2022)
Pharmacy
Medical Devices
•
Absorption of workers affected by layoffs
Increased domestic spending capacity
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Increase in the export market
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