
Turkiye unveils 39-point reform plan to strengthen investment climate
The plan seeks to stimulate private sector investment, reduce bureaucratic barriers, and align Turkiye's commercial framework with international standards. It places strong emphasis on increasing industrial output, encouraging technological innovation, and establishing legal clarity for investors.
The Ministry of Industry and Technology will spearhead the expansion of organised industrial zones under a broader national industrial strategy, while the Ministry of Energy and Natural Resources will focus on making energy-intensive zones more sustainable. These efforts are expected to reinforce Turkiye's industrial competitiveness and environmental resilience, according to media reports from Turkiye.
Turkiye's Investment Environment Improvement Council (YOIKK) has launched its 2025 Action Plan featuring 39 reforms to boost private investment, streamline regulations, and align with global standards. Key focus areas include industrial transformation, renewable energy, digital economy, and regional development. The highlights include a hydrogen strategy, AI action plan, and vocational training.
To streamline procedures, the plan proposes a single-window investment platform. It also includes legal reforms to improve predictability in qualified investments and resolve disputes more efficiently. Revisions to enterprise and SME classification thresholds are also on the agenda to reflect evolving economic realities.
Vocational training is another focal point as higher education institutions will be set up within industrial zones in collaboration with local chambers of commerce, promoting university-industry partnerships and addressing workforce needs.
In a major push towards clean energy, the Ministry of Industry and Technology will soon launch a national hydrogen strategy, as per the reports. The initiative will cover legislative, safety, and infrastructure frameworks for hydrogen production, supporting research in electrolysers and fuel cells while ensuring EU environmental compliance.
Additionally, Turkiye is preparing a 2026–2030 Artificial Intelligence Action Plan to advance ethical AI development and boost its international standing. A National Cloud Computing Strategy and updated National Data Strategy will also address data localisation and infrastructure gaps.
The plan also introduced a Local Development Initiative Program aimed at identifying and supporting region-specific opportunities. A nationwide call for proposals under this initiative is expected later in the year.
Fibre2Fashion News Desk (SG)
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Hindustan Times
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11 hours ago
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The Hindu
2 days ago
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