Promoted Products or Activities
Pioneer status may be granted to all companies participating in a promoted activity or producing a promoted product. The power to determine any product or activity lies with the Minister of International Trade and Industry. Presently, gazetted lists for the promoted products or activities are as follows :-
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promoted products or activities (including the promoted area);
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promoted products or activities for small scale companies;
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promoted products or activities for high-technology companies.
The list of promoted products or activities originally covers four main sectors but subsequent amendments to the Promotion of Investments Act 1986 have expanded the scope to include other sectors.
The Original Sectors are :-
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Manufacturing
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Agricultural
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Hotel
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Tourism
And also certain commercial sectors connected to manufacturing.
Additional Sectors are :-
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Research and Development;
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Technical or vocational training.