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{
    "id": 556186,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/556186/?format=api",
    "text_counter": 234,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Industrialization is a key catalyst for moving agriculture up the value chain and diversifying and growing our export base for a sustained higher shared growth and job creation. The Ministry of Industrialization and Enterprise Development is finalizing an industrial transformation strategy which will optimise the prospects for Kenya’s industrialisation by supporting local companies based on our comparative advantage and creating conditions for attracting foreign anchor investors. The later will help us secure global markets for our products and enhance technological transfer to help boost our competitiveness. As part of the strategy, the Government will continue to prioritise and facilitate the establishment of industrial and recreational parks and special economic zones. Therefore, through this budget, I am proposing to allocate Kshs3.0 billion for industrial development. Later in my speech, I will be outlining some of the tax incentives to hasten development of industrial and recreational parks and Special Economic Zones (SEZs)."
}