The Industrial Development Concepts

Industries are the major component of resurgence for economic development of any country. They are not only instrument of change but vehicles of growth and diversification. The role of Industries were adequately realized long back, in particularly suited for the better utilization of local resources and for the achievement of local self-sufficiency in respect of certain types of essential. The most pressing need in Ethiopia is rapid industrialization to achieving the basic objectives of their economic and social progress. The development of industries will contribute to expansion of existing industrial base and growth.