Following the recent announcement by Government to increase the manufacturing sector’s annual output by three per cent over the next five years, president of the Jamaica Manufacturers and Exporters Association (JMEA) Richard Pandohie said that this projection is not sufficiently ambitious given the sector’s ability.
“We believe that three per cent over five years is not sufficiently ambitious based on where we are now. We need to be aiming for a growth rate of 3-5 per cent per annum,” Pandohie said after the organisation’s annual general meeting on Thursday last when he was re-elected to lead the association for a second term.
The JMEA head said that with the manufacturing growth strategy now finally approved by Government, representing a major step for the organisation—bolder targets need to be envisioned.
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