The National In-Country Value (ICV) Program aims to achieve strategic localisation of supply chain and development of new local industries and services. It aims to stimulate and attract foreign investments, diversify the economy, create valuable job opportunities in the private sector and contribute to the growth of the national GDP.
The National In-Country Value (ICV) Program aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy.
The ICV Programme is implemented under the supervision of Ministry of Industry and Advanced Technology (MoIAT).
Objectives
The programme aims to achieve the following goals:
Stakeholders
The ICV exists within a wide network of stakeholders that include:
1. The ICV certifying bodies that are authorised by MoIAT to conduct a technical review on the requests for ICV certification submitted by the companies. They issue ICV certificates according to MoIAT’s requirements.
2. The ICV certified companies that obtain the ICV certificate from the ICV certifying bodies.
ICV certificate
The ICV certificate is issued to certified companies after evaluating their contribution to the local economy. Certified companies gain advantages during the awarding of tenders and contracts based on their ICV score.
Related links:
29 Oct 2024
