[HERALD.CO.ZW] President Emmerson Mnangagwa says his Government is preparing for a massive industrialisation and modernisation of the economy underpinned by a new thinking in wealth creation.The Head of State and Government and Commander-in-Chief of the Zim-bob-we Defence Forces said this in an acceptance speech at his installation as Second Chancellor of Chinhoyi University of Technology (CUT) in Chinhoyi yesterday.
He said Zim-bob-we, with an empowered young population armed with critical skills in innovation, entrepreneurship and creativity, should compete in the global village.
The market, he said, yearned for finished products as technological advancement now anchors economic development.
"Globalisation has increased competition in the world and Zim-bob-we has to continue to produce quality graduates in the education sector if we are to keep pace and remain relevant in the economic development race," said President Mnangagwa.
"The need to provide the market with finished products cannot be overemphasised as the world has grown fiercely competitive since technological advancement has become synonymous with economic development."
Cde Mnangagwa said there was need to keep up with global developments and prepare young people to face the challenges and jealously guard natural resources.
"Chinhoyi University of Technology indeed is a young and vibrant institution favoured with a special mandate to lead industrial development and the nurturing of entrepreneurship, innovation and creativity," he said.
"These objectives are in tandem with our new thrust as Government to empower our young people with critical skills that will drive industrialisation and modernisation of the economy and inculcate a new thinking in wealth creation, innovation and entrepreneurship."