Minister of Industry and Technology Mehmet Fatih Kacır announced that Turkey has made a significant breakthrough in industrial production. In particular, the 34.4 percent annual increase in high technology production shows that the country is moving towards the National Technology Move targets. This rise also shows that Turkey’s growth strategy by producing added value has begun to bear fruit.
Industrial production increased, unemployment decreased
According to March industrial production index data, industrial production increased by 4.3 percent on an annual basis. The locomotive of this increase was high technology products. This leap in high technology production showed the whole world the importance Turkey attaches to a technology-oriented economy.
In addition to the positive picture in industrial production, there are also pleasing developments on the employment front. As of March 2024, the unemployment rate decreased to 8.6 percent, a decrease of 1.4 points compared to the same period of the previous year. The improvement in the youth unemployment rate has a significant share in this decrease. The youth unemployment rate fell to 15.1 percent, reaching its lowest level in nearly 12 years.
Domestic SoM that can be used in the defense industry has been produced!
Native On-System Module (SoM) BitFlex-SPB-A7 was unveiled. Module; It can be used in communication devices and electronic warfare systems.
Speaking at the SME Awards Ceremony held in KOSGEB, Minister Kacır evaluated the March industrial production index and labor force statistics and attributed this success in employment and industrial production to the dynamism of SMEs. SMEs, which are the lifeblood of the Turkish economy, contribute significantly to the growth of the country with the efforts of entrepreneurs and workers. Supporting and strengthening SMEs is critical for Turkey’s sustainable development goals.