New Private Industrial Zones to Reduce 330 Million Dollars Current Account Deficit

new private industrial zones to reduce current account deficit by $ million
new private industrial zones to reduce current account deficit by $ million

Industry and Technology Minister Mustafa Varank, Asil Çelik and Gemlik Fertilizer Industry to be established in Bursa said, “When these two regions work at full capacity, there will be an annual decrease of 330 million dollars in our current deficit.” said.

Speaking at the October Assembly meeting of the Bursa Chamber of Commerce and Industry (BTSO), Minister Varank said that they made various openings and visits in the city, visited the Bursa Test and Analysis Laboratory of TÜBİTAK and carried out a test production at Oyak Renault's high pressure aluminum injection factory.

Expressing that he is happy that the facility, which will go into mass production at Oyak Renault, was brought to Bursa, Varank said, “Aluminum engine blocks will be produced for the first time in our country with this factory. The produced hybrid engines will be exported to China, Spain and the UK. The good thing is that many products to be used in production will be supplied by our local industrialists. Therefore, we are talking about an exemplary investment with high added value that directly serves our localization goals, exports and qualified employment. ” he spoke.

Minister Varank stated that they visited different factories operating in the machinery sector and continued as follows:

In fact, even the density we live today clearly shows how dynamic and productive Bursa is. The 9 billion dollar export volume you showed in 11 months of the year is another reflection of your productivity. When we look at the sub-items, we see that Bursa has an industrial infrastructure capable of exporting in almost every sector. Of course, the support we provided in the development of this infrastructure has contributed greatly. To date, we have encouraged 40 billion lira fixed investment in Bursa and have provided employment for over 50 thousand citizens. 27 SMEs benefit from KOSGEB in areas such as entrepreneurship, R&D, R&D and financing.


Reminding that KOSGEB started a new loan program up to 50 thousand liras, Varank said that KOSGEB will cover the 50-point financing cost of the loan up to 10 thousand liras.

Minister Varank pointed out that while there were 2002 organized industrial zones in Bursa before 9, they brought 17 new organized industrial zones to the city in 8 years.

Thus, we created new job opportunities for over 100 thousand citizens. Also this year, we announced two new private industrial zones. When these two regions operate at full capacity, there will be an annual decrease of 330 million dollars in our current deficit. Another distinctive feature of Bursa is its predisposition to innovation. There are 128 R&D centers in our city, which takes Bursa to the second place in the country after Istanbul. As a matter of fact, it is not a coincidence that the share of medium and high technology products in Bursa's exports is over 2 percent.

You know, we are going through a very fast era of technological transformation. Our industry needs to be prepared for this. For this purpose, we opened our second model factory in Bursa in March after Ankara. As the Ministry, we contributed 4 million liras here. Our industrialists regularly attend lean applications and digital competencies training here. With the use of robots in the production line, digital interaction between machines and internet of things, we aim to bring the model factory to a structure that provides further training and consultancy.

Minister Varank stated that they have determined the steps they will take in accordance with the 2023 Industry and Technology Strategy. We have 5 main policy axes. The first one is high technology and innovation. Our aim here is to make our country a competitive structure in critical technologies and to become an important player in the global league. With digital transformation in the industry, we will take concrete steps for technology-based industrialization. With the policies we will implement in the field of entrepreneurship, we will increase the number of entrepreneurs and strengthen the ecosystem in the entire process from idea to product. ” he spoke.


Noting that the real sector's support and cooperation is important for them, Varank said:

We want to encourage you to invest and production more strongly. We have also prepared the Technology Oriented Industry Move Program for this purpose. Our goal here is to produce high value-added products with local capabilities and capabilities. For this, we have identified priority products in the focus sectors and we will support them. In this context, we will promote our buyers and producers at the same time and manage our supports with a holistic approach. Our strategic or project-based investment incentives will be at the service of entrepreneurs. We started with the machinery industry as a pilot application. Applications continue until November 22. We believe in this program and we trust it very much. Come and be a part of this program, make your application. Let's walk the path to economic independence together.

See, the Operation Spring of Peace again revealed a truth very clearly. The road we have covered in the defense industry has brought us success. Now it is the success of other areas of industry. Turkey's economy and confidence in a much stronger way your potential. Financing costs and inflation are falling, we have stabilized the exchange rate. International organizations are revising their growth forecasts one by one. I hope our economy will grow stronger day by day.


Pointing out that Bursa is one of the most correct addresses for production with its human resources and logistics opportunities, Varank said, “We believe that Operation Peace Spring will make great contributions to the security and permanent stability of our region. This action will only create a secure our border area is not Turkey's economy. As the government, we focused entirely on the positive agenda. to take steps to zoom in Turkey, our main priority is making moves to improve the welfare of our nation. " used expressions.

After his speech, Minister Varank will be commissioned by BTSO. Dr. The model of İlhan Varank Vocational Training Complex was given as a gift.

Bursa Governor Yakup Canbolat, Mayor of Metropolitan Municipality Alinur Aktaş and BTSO Chairman İbrahim Burkay attended the program.

Similar Ads

Be the first to comment