The Zambia Association of Manufacturers (ZAM) says the return of the Industrial Development Corporation can only work if it is anchored on a coherent economic policy.
ZAM president Maybin Nsupila said the idea seemed to have sprung out of the blue as it was neither in the budget nor in the Patriotic Front manifesto.
Nsupila said well founded research and clarity in the project needed to be the benchmark and not sentimentality of the old order.
“Such an idea can only work if it is anchored on a stable, coherent policy and not just by mere pronouncement. We are neither wondering where all this is coming from because they are in the party manifesto nor the budget,” he said.
President Michael Sata announced during his New Year address that he will reinstate INDECO.
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