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BackHigh value-added transformation targets in the industry were determined in the new MTP
High value-added transformation targets in the industry were determined in the new MTP
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AA Güncel39 minutes agoBusiness1 min readTürkiyeView original

High value-added transformation targets in the industry were determined in the new MTP

According to the Medium Term Program covering the period 2027-2029, it is aimed to support high value-added transformation in the industry.

Quick Look

According to the Medium Term Program for the period 2027-2029, high value-added transformation in the industry will be supported by domestic production programs, HIT-30 High Technology Investment Program and YTAK.

AI-generated summary

Why It Matters

Medium Term Program is the basic policy text that determines the country's basic economic and sectoral targets for the future period.

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According to the information compiled by the AA correspondent from the Medium Term Program (MTP) covering the period 2027-2029, targeted industrial policies based on sectoral prioritization will be implemented in order to support high value-added transformation in the industry, and competitiveness in foreign markets will be increased by supporting high value-added production.

It is planned to expand the scope of the programs that will play a leverage role in domestic and national production.

For this purpose, with the HIT-30 High Technology Investment Program, large-scale investments in priority technology areas will be supported through project-based customized mechanisms.

The Investment Committed Advance Loan (YTAK) Program will continue to be implemented more effectively in a selective and focused manner, supporting exports in productive sectors and integrated with the existing investment incentive system for high value-added product groups.

A new application area will be developed to include high value-added, qualified and relatively smaller-scale manufacturing industry investments.

Within the scope of the Technology Move Program, new program calls will be made to develop and produce critical products and technologies with domestic resources.

Within the scope of the Strategic Move Program, investments that will ensure supply security, reduce foreign dependency, have high R&D content and are compatible with twin transformation targets will be supported.

Clustering initiatives that have competitiveness and sustainability potential and are of national importance will continue to be supported.

Digitalization and e-commerce infrastructures will be strengthened

The production of critical components with domestic resources for the development of competitive production in priority sectors will be supported through public procurement.

In disbursing state aid, criteria such as productivity increase, technology gain, energy efficiency, export, employment and domestic added value creation will be taken into account as priority performance criteria, taking into account the technological competencies of the provinces, and it will continue to be carried out in a simple and effective manner based on impact assessments.

The investment incentive system will be implemented within a framework that is selective, need-oriented, temporary, project-oriented and takes into account the regional development level.

The interaction between the agricultural and industrial sectors will be strengthened by encouraging investments to transform by-products resulting from agricultural industry production processes into value-added products.

Within the scope of the Local Development Move Program, private sector investments will be supported regarding the investment needs determined at the regional level, focusing on technological transformation, exports and employment.

Branding, design, packaging and certification processes aimed at commercializing local and traditional products and increasing their added value will be encouraged, their access to national and international markets will be facilitated, and digitalization and e-commerce infrastructures will be strengthened.

What to Watch

AI outlook — possibilities, not facts

  • New support calls will be made within the scope of MTP measures for the 2027-2029 period

    Very likely · Within months

Open Questions

  • When will the HIT-30 program begin to be fully implemented?
  • What will be the total volume of YTAK funds?

Related Topics

This article was originally published by AA Güncel.

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