An allowance of 15.3 billion TL was offered for the program to develop the industry, support production and investments in 2021 in order to create a highly competitive and sustainable structure where high value-added and technological products are produced by improving the production and investment environment.
According to the data of the Central Government Budget Law Proposal for 2021 program goals have been determined in areas such as the share of the manufacturing industry in the gross domestic product (GDP), the manufacturing industry exports, the share of medium-high technology products in the manufacturing industry exports, the international direct investment inflow, the share of high technologies in the manufacturing industry exports.
A resource of 15 billion 308 million 956 thousand TL was allocated from the budget in order to achieve the targets set within the scope of developing the industry, supporting production and investments. In this framework, the share of the manufacturing industry in GDP is targeted to be 20.4 percent next year and the export of the manufacturing industry to be $173.5 billion.
It is aimed that the share of medium-high technology products in the manufacturing industry exports will be 37.5 percent in 2021 and the share of high technology products in the manufacturing industry exports will be 4.2 percent. $12.5 billion international direct investment inflow to Turkey is expected in this period.
91.9 million liras for industrial property targets
It was proposed to allocate 91 million 878 thousand liras from the budget in order to contribute to technological progress and increase innovation activities by increasing the awareness of industrial property in all segments of the society and serving to protect and commercialize industrial property rights. In this context, Turkey is expected to be ranked 11th in 2021 global domestic patent applications.
It is aimed that the share of domestic patent applications in the total, which was 38 percent as of August, will reach 44 percent at the end of the year and increase to 47 percent next year.
source: AA / translated by Melisa Karayusufoglu