Despite the fact that Tanzania has been a consuming country for many years, and most industries have not been able to survive the competition from foreign products, the government is now determined to revive and invest in industrial manufacturing. By providing proper policies that attract investors, supporting the local innovators starting the industries in the country with the appropriate education and reducing the importation of foreign products that may pose as competition to locally manufactured products.
The Government of Tanzania introduced its Sustainable Industrial Development Policy (SIDP) in 1996 to phase itself out of investing directly in productive activities and let the private sector take that role. The main purpose of the Government’s SIDP is to design a plan for industrializing Tanzania so that the country becomes semi-industrialized by 2025. Foreign Direct Investments (FDIs) are expected to provide the capital for the desired industrial development. ISHARA through its resources facilitate the evaluation of best investment opportunities and provide financial guidance towards guaranteed profits.