Venezuelan government encourages import substitution in the national industry

The President of the Republic, Nicolas Maduro, encouraged this Wednesday the substitution of imports in the national industry. It will strengthen the engines of the Bolivarian Economic Agenda and continue giving value to the country’s productive chain.

“We have to produce everything in our country. All the industrial technology and innovate, not only producing what already exists but advancing in industrial innovation so that Venezuela adapts its industrial park to the most advanced technologies in the world”, emphasized the President in his usual Productive Wednesday. From the facilities of the Industria Venezolana de Endogena de Valvulas, S.A. (INVEVAL), in the Venezuelan state of Chiapas, President Maduro stressed the importance of the “productive” substitution of imports to strengthen the national productive apparatus.

“To produce what we used to import and, in addition, [to achieve] the technological independence of the Venezuelan industrial apparatus, is to make all the parts and pieces in Venezuela and not depend on the fact that somewhere in the world they lock the padlock and stop the industry. It cannot happen in Venezuela”, he stressed.

The Venezuelan President acknowledged the work and dedication of INVEVAL’s working class, especially its productive capacity. INVVAL is a company dedicated to manufacturing, machining, repairing, and maintenance of gate, globe, and check valves; for the oil industry and Basic industries of the Bolivarian Republic of Venezuela.

“This company consolidates the technological independence of parts and pieces for future and immediate plans,” stated President Maduro.

Strength of the productive process

The People’s Power Minister of Industries and National Production, José Biomorgi, accompanied the dignitary on that working day.

In his speech, he recalled the harmful effects of the illegal blockade imposed on the country, especially on the national industry. However, he highlighted the organization of the working class as they searched for alternatives and solutions to the problems derived from the siege on Venezuela. “All this became a challenge” which has been transformed “into a strength of our production process, because it has allowed us to develop our capacities and, fundamentally, to substitute imports,” he specified.

On the day of Productive Wednesday also showed the progress of the companies, Venezolana del Vidrio, in its Valera Plant (Trujillo), and Polivensa, based in the state of Aragua.

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