The Industry Division is the contact point for local and foreign investors who wish to invest in the manufacturing and tertiary sectors in Papua New Guinea (PNG). It conducts due diligence on investors, appraise investment proposals and monitors the construction and operation of manufacturing and tertiary projects.
Core functions of the Industry Division:
1. Facilitate industrial development, with emphasis on downstream processing of natural resources;
2. Provision of policy advisory services and assistance to industries;
3. Value Addition to primary production (upstream processing);
4. Availing government support to firms in the form of subsidies and concessions, thus supporting exiting projects in the manufacturing and service sectors.
Two (2) Branches within Industry Division:
1. Industry Development
Facilitates investment in the manufacturing and tertiary industries, which includes the following:
- Investment Analysis Section (Major Projects)
- Research resource sectors and profile potential industries.
- Stage preliminary discussions with potential investors.
- Perform due diligence check on potential investors.
- Take site inspections identify preferred site for investment.
- Perform financial and economic analysis to determine financial and economic viability of the prospective investment.
- Liaise with line agencies to secure investment approvals.
- Negotiate and conclude industrial Project Agreements.
- Execute the industrial Project Agreements.
2. Industry Assistance
Responsible for supporting existing firms in the manufacturing and tertiary industries.
Two subdivisions under Industry Assistance Branch are:
i. The Industry Compliance Section (On-going Projects)
a) Plant construction and monitoring.
b) Ensure compliance to construction milestones.
c) Inspect and certify construction milestones.
d) Assess the application for Manufacturing license.
e) Inspect production facilities and assembly lines.
f) Issuing of Manufacturing Certificates.
ii. Industry Monitoring Support Section (Support Liaison)
a) Conduct production monitoring.
b) Conduct production monitoring, and compliance review on manufacturing plants and facilities
c) Production monitoring and evaluation on project impacts.
d) Review Project Agreements.
e) Provide government support to industries.
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By Prime Minister's Media: July 14, 2023
Prime Minister Hon. James Marape welcomes the signing of a groundbreaking memorandum-of-understanding (MOU) between RD Fishing Group (RDFG) of the Philippines and the Papua New Guinea Government on Friday, July 14, 2023 in this video.
This momentous occasion witnessed the signing of the MOU during a ceremony by RDFG, the National Fisheries Authority (NFA), Kumul Consolidated Holdings (KCH), and the Ministry of International Trade and Investment (MITI). Distinguished attendees included Prime Minister Marape, Minister for International Trade and Investment Hon. Richard Maru, State Enterprises Minister Hon. William Duma, and Fisheries Minister Hon. Jelta Wong.
The primary objective of this historic agreement is to initiate negotiations between RDFG and the State to establish a state-of-the-art fishing company in the captivating region of Madang. This joint-venture (JV) company will assume responsibility for fishing and processing all catches in an innovative new cannery situated within the Pacific Marine Industrial Zone (PMIZ) in Madang, which has been designated as a Special Economic Zone (SEZ).
To expedite the process, a competent State Negotiating Team (SNT) has been appointed and granted a three-month period to finalise negotiations and present a mutually agreeable proposal to the National Executive Council. The successful outcome of these negotiations will not only solidify the partnership but also pave the way for the establishment of the proposed new fishing company, marking a significant milestone in the economic development of the region.
Witness the insightful address by Prime Minister Marape to the media following the momentous signing of the MOU: