The Industrial Development Service aims at accelerating the rate of growth of the manufacturing sector and enhancing its competitiveness under free market conditions through:
i. the reconstruction and support of the traditional manufacturing industry,
ii. the attraction of foreign direct investment, mainly capital intensive,
iii. the enhancement of existing as well as the attraction and development
of new high-tech industries.
The main responsibilities of the Industrial Development Service, Ministry of Commerce, Industry and Tourism, are:
i. enhancement and development of existing Small Medium Manufacturing Enterprises (SMEs)
ii. attracting foreign investment with the aim of establishing new industrial units especially units producing high technology high value products
iii. harmonisation with the EU directives in respect of Small Medium Enterprises (SMEs) and Industrial policy
iv. implementation of the relevant laws and representation of the ministry at several board, committees and organisations.