Thursday, May 29, 2014

(LUSAKATIMES) Re-introduction of INDECO is long overdue – Chitala
Time Posted: January 4, 2014 9:37 pm

Political activist Mbita Chitala has observed the reintroduction of the Industrial Development Corporation (INDECO) in the country by government is a long overdue venture.

Dr. Chitala says government’s idea to reintroduce a parastatal company such as INDECO to coordinate government enterprises is progressive as it will help mange companies that were left in abeyance and uncoordinated after the state privatized some of the public institutions.

Dr. Chitala has told Qfm in a telephone interview that INDECO will bring about the professionalization of management of government business the reason why people in the country should support government’s plan as it is progressive.

The Political activist says this is also why government should quickly and properly implement its idea of bringing back a new INDECO as it will also help the public sector to strive as much as the private sector is currently growing.

He says what government should however first do is to ensure that it comes up with a legal framework by taking a bill Parliament on which INDECO should be established.

Dr. Chitala says a good legal frame under INDECO should exist will further bring about good governance in its operations.

However Lusaka business man Maurice Sokoni has said that plans by the Patriotic Front (PF) government to re-establish the UNIP parastatal, the Industrial Development Company-INDECO will not economically benefit Zambians.

Sokoni said that the move to re-introduce INDECO is aimed at taking the country back to the Kaunda era of authoritarian control of socialist economies.

Sokoni told the Daily Nation that pronouncements made by President Michael Sata in his New Year address to the nation that it will help create jobs is far from the truth.

Sokoni said that the government wants to destroy everything that Zambia had built in the past 20 years by re-establishing INDECO.

He said re-introducing INDECO was the same as re-introducing inefficiency in the private sector.

Sokoni said the plans would only promote patronage adding that it would kill individual initiative which private companies have enjoyed in the past 20 years.

Sokoni further said the plan should be condemned by all well-meaning Zambians who understood how INDECO failed during the Kaunda reign.

He said it was unfortunate and surprising that some economists were supporting the government’s plans of the re-establishment of INDECO.

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