Costed Action Plan for SADC Industrialization Strategy and Roadmap SADC INDUSTRIALIZATION AND ROADMAP 2015-2063 ACTION PLAN FRAMEWORK I. Overall Goal The overall goal of the SADC Industrialization Strategy and Roadmap (2015-2063) is to engender the structural transformation and fast catch-up of the economy of the region. It is anchored on three pillars: industrialization as champion of economic transformation; competitiveness as an instrument of efficiency and new source of competitive wealth creation; and deepened regional integration. It endeavours to converge SADC economies into the high development level of present day developed countries as well as with the African Union Agenda 2063. Expected Results/Outcomes Targeted Output Output Key Main Performance Tasks/Activities Indicators (KPIs) Timeframe Sub-activities Phase 1 Phase 2 Responsibilities SADC (2016 - 2020) (2021 - 2030) Secretariat Member States Indicative Costs (USD) Private Sector SADC Secretariat Member States II. Industrialization Strategy Pillars II.1 Industrialization Industrialization is the main instrument for transformation and catching up for the SADC region. As a cumulative long-term process, industrialization implies major transformation in the structure of the economy, its productivity and efficiency, diversification (horizontal and vertical), competitiveness and intensive interdependence to maximise manufacturing value addition and catalyze the creation of regional value chains as well as its integration into the global value chains. The dynamism of this process will critically depend on deepening regional integration, building requisite knowledge-based capabilities, sinking the necessary quality investments (both domestic and foreign) and creating the enabling environment for public and private participation and inclusiveness. Strong institutional setups and policy interventions will further advance industrialization as a champion of transformation and avoid de-industrialization. 76