HomeTechSavings to be redirected to high-tech, production, exports: Tech Minister

Savings to be redirected to high-tech, production, exports: Tech Minister


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Industry and Technology Minister Mehmet Fatih Kacir announced that resources saved by reducing non-priority expenditures would be redirected toward productive, value-added areas, including high technology, production and exports.

In an interview with TRT Haber, Kacir outlined the government’s commitment to increasing efficiency and value creation, especially in the transportation sector.

Underlining the widespread use of Togg vehicles, Türkiye’s domestic electric vehicle, in the public sector, Kacir suggested implementing a common carpool program through digital platforms to increase efficiency.

“The use of Togg in the public sector will become increasingly widespread,” stated Industry and Technology Minister Mehmet Fatih Kacir. “Our ministry will continue to lead this process as we have done so far. In the future, we will ensure that Togg becomes a preferred choice among our managers and across all channels in the public sector.”

Kacir emphasized the government’s goal of increasing employment and stimulating economic growth by directing savings to priority areas such as technology, production and exports.

“We will allocate the resources we will save by reducing non-priority expenditures and expenses to productive, value-added areas, high technology, production and exports,” he stated.

Kacir added that the ministry plans to accelerate infrastructure projects connecting industrial zones to ports, as well as launching new technology incentives and investment programs.

Kacir also discussed the work in the earthquake zone and said that it is important to accelerate economic activities and housing construction.

Stating that they especially support small- and medium-sized enterprises (SMEs) in this context, Kacir said, “With the international resources provided by the World Bank and the Japanese Development Agency, we transferred approximately ₺16.8 billion ($1. 2 billion) of Small and Medium Industry Development Organization (KOSGEB) resources to 52,290 enterprises in the earthquake region in December and January.”

“We provided support to our SMEs with up to ₺750,000, interest-free, with no repayment required for two years and repayable in the third year,” he added.

Source: AA

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