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{
    "id": 147190,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/147190/?format=api",
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    "content": "Mr. Speaker, Sir, at this difficult economic time, we must be seen to care by supporting our industries to continue in business. In this regard, I have proposed a number of tax measures to promote growth of our industries and make them more competitive. First, to lower the cost of production for those manufacturers who use industrial sugar, I propose to remove the Sugar Development Levy on refined industrial sugar imported by gazetted manufacturers under the Duty Remission Scheme. I expect this measure to be passed on to the consumer by way of lower prices in order to make our products competitive locally and in the regional market. Secondly, industrial development in the country holds the key to our economic development. To encourage industrial growth and reduce the cost of manufacturing, I propose to grant exemption of import duty on all industrial spare parts which will be managed through the Duty Remission Scheme."
}