INDECO will increase inefficiency in parastatals – Magande

NMP president Ng'andu Magande
NMP president Ng'andu Magande

The opposition National Movement for Progress (NMP) says it is not necessary for the Patriotic Front (PF) government to bring back Industrial Development Corporation (INDECO) a project that once failed the country.

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NMP president Ng’andu Magande has wondered why the PF government can now decide to reintroduce a project that was rejected some 30 years ago in an economy that has been growing under a mixed economic system.

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Mr. Magande says this is why his party would agree with some sentiments by other stakeholders who are of the view that such a plan by government to introduce INDECO could be way of government allegedly interfering in businesses in the country.

The NMP leader has told Qfm news in a telephone interview that reintroduction of INDECO to coordinate government enterprises will bring about inefficiency in country’s parastatals as there is likely going to be more interference from government and the making of decisions in a commercial way will be stopped.

Mr. Magande has further wondered whether government has consulted before hinting the reintroduction of INDECO as the current environment in the country of public-private partnership requires that government sits down with the private sector before coming up WITH such a project.

He says as things are the reintroduction of INDECO by government leaves a lot questions in the minds of the people in the country as government has not clearly explained its motive of reintroducing the once failed project in convincing detail.



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