Venezuela boosts domestic production of automotive spare parts to reduce dependence on imports

As part of the reindustrialization plan, the Venezuelan Government plans to produce more than 9 million national automotive spare parts, with an estimated saving of $100 million per year and the generation of 2,000 jobs. Minister of Industries and National Production Alex Saab, together with authorities and representatives of the private sector, presented the initiative the headquarters of the International Productive Investment Center (CIP), wh…