Industrial Sector

The industrial sector occupies an increasing importance in the national economy as a locomotive for socio-economic development. It guarantees for increasing value added. It also helps to ensure self-sufficiency, improve economic balances and boost the development process, especially in developing countries.

The most important industrial policy tools followed by governments: 1. Industrial privatization policy 2. Customs protection policy 3. Government Loan Policy 4. Government procurement policy 5. The policy of reducing industrial company’s taxes