THE best manufacturers of the year awards will be known on Thursday, in an event which President Jakaya Kikwete will award the winners.
The awards on Thursday recognize the manufacturing sector's proportion of Tanzania exports, acknowledge the advanced technology in industrial sector and raise the practice of business standards in the country.
The Confederation of Tanzania Industries Chairman Felix Mosha has said in Dar es Salaam that the awards to be known as "The President's Manufacturer of the Year Awards" will specifically be given to winners based on scale of operations, small scale, medium scale or large scale.
The other will be provided to overall performer in manufacturing sector. Mr Mosha said the awards aim to recognize the best work the manufacturing sector does to the country, based on their contribution to the country's economy and promotion of research and development and enhance competition in manufacturing sector.
"This will also encourage other manufacturers to grow and that is why CTI saw that it was important to recognize the best manufacturers, " said Mr Mosha. The seven years old awards competition that started in 2005 will also recognize other industrial players based on specialization like beverages, building and construction, chemicals and chemical products, energy, electrical and electronics, Finance, Insurance and Consultancy services.
Others will be Food processing, hospitality and training services, leather products a footwear, metal and metal products, mineral products, motor vehicle and accessories and transport, storage and communications. This year awards is sponsored by the CTI member, IPP media which has committed Sh 50 million -which is the first time the CTI member sponsor the awards competition.
The outgoing CTI chairman and the chairman of IPP media Dr Reginald Mengi said the industries which have been in the business for a long time should help others to grow. "We should cooperate with upcoming industries with the view to grow together for the economic benefit of the country," said Dr Mengi.
Dr Mengi said it is high time that manufacturers have to embrace working together in order to take the industrial sector to a higher level of production. PMAYA was introduced in 2005 with the aim of recognising and appreciating the manufacturing sector's important role in Tanzania's economic development process.
"This is because the industrial sector, with its strong backward and forward linkages, has the unique capacity to provide activities with high value addition, wealth generation and employment creation that are key to economic growth and poverty reduction," he said.
Tanzania's competitiveness in export markets hinges on the performance of the manufacturing sector, as does its ability to benefit from the various trade preferences that are available to the country. It is understood that one big challenge which the manufacturing companies face is improving their management and production processes for their products and services to compete in the globalised world.