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Projects
which have the potential to fulfill Lesotho´s wider
macroeconomic and development goals are encouraged.
Priorities include diversification of the industrial base to
include manufacturing enterprises other than the garment and
apparel subsector, with government focusing development on
areas where Lesotho has a comparative advantage and
therefore stands a chance of competing with the rest of the
world.
The introduction of new production techniques and transfer
of technology are important considerations, with joint
venture arrangements between Basotho and entrepreneurs and
foreign investors vigorously encouraged, particularly with
regard to projects such as telecommunications infrastructure
and housing development. Regional markets are being
developed for export in addition to existing international
agreements. The Republic of South Africa is seen as having
great potential, with labour-intensive export-focused
manufacturing to be targeted.
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