Aug 10 , 2025
The manufacturing sector has inched past its domestic market share goal for the 2024/25 fiscal year, reaching 44.84pc against a planned 44.76pc. The figure marks an improvement from last year's 40.8pc. Manufacturing technology and engineering, along with food and beverage, emerged as top performers, each exceeding 100pc of their targets. Textile and apparel reached 97.4pc, leather and leather products 97.1pc, while chemical and construction inputs closed at 98.9pc. Officials attribute the gains to government procurement policies that prioritise locally produced goods, reinforced by strict oversight and support measures for domestic manufacturers. The rollout of a new procurement directive and related legal frameworks also bolstered value addition and competitiveness, underscoring what the ministry describes as a policy-driven push to fortify the industrial base.
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