Erdogan explains Turkey's new incentives in three groups

Turkish PM Erdogan said that they determined 12 sectors for the new incentives system and big project investments.

Erdogan explains Turkey's new incentives in three groups
Turkish Prime Minister Recep Tayyip Erdogan said on Thursday that they determined 12 sectors for the new incentives system and big project investments.

Erdogan, while making public the new incentives and employment package, said the government divided the new incentives system under three groups and named them, "Big Project Investments", "Regional and Sectoral Incentives System", "General Incentives System".

Erdogan said non-governmental organizations (NGOs) supported incentive and loan guarantee mechanism and labor unions contributed to works on employment.

Erdogan said the new incentives system was prepared with the aim to support new investments. "We will be able to rise competitive power of our country, upgrade production potential, and form permanent areas of employment."

Erdogan said they determined 12 sectors for the big project investments which required high technology and capital, and which would increase technology and Research and Development (Ar-Ge) capacity of Turkey.

Erdogan said the government, considering the socio-economic development levels, divided the provinces into four and listed the incentives that would be implemented in those provinces as:

-Sectors like agriculture or manufacturing industry based on agriculture, textile, leather, plastic and metal goods in third or fourth regions, including eastern and southeastern provinces, will be encouraged. Investments on areas of tourism, education, and health will be supported in those regions.

-In the second region, sectors which are relatively intensive on technology will be supported.

-In the third region, motor and land vehicles and its sub-industry, and investments like electronic, medicine, machinery manufacturing, medical equipment which require high technology will be supported.

Erdogan said all of the 81 provinces will benefit from the incentive support more or less.

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Güncelleme Tarihi: 04 Haziran 2009, 15:50
YORUM EKLE