In order to support and give new impetus to the industry, the Luxembourg government created a High Committee for Industry in 2013. This advisory body is made up of government officials and experts from the industrial world chosen for their experience and personal skills.
Through frequent and open discussions, the High Committee diagnoses the strengths and weaknesses of the Luxembourg industry, formulates recommendations, concretises action plans, identifies new niches for industry and analyses the national policies in the light of the new challenges Luxembourg's industry will have to face.
In the early 2010s, the Luxembourg industry represents only 5.5% of the national added value and directly employs 10% of the country's workforce. Even when adding added value and indirect employment, the industry's contribution to Luxembourg's GDP has strongly diminished.
However, in terms of research and development, 62% of R&D expenditures by Luxembourg companies are made in industry. The creation of and added value at national level as well as the capacity to innovate are part of the debate on the future of the industry in Luxembourg. Also, the industry has a strong effect on the sector of services to companies and on industrial subcontracting.
Through regular exchanges between government officials and experts from Luxembourg's industrial world, this advisory body has a dual purpose:
- preserve the acquis and the existing industrial base;
- help create an environment conducive to the establishment of new industrial activities by bringing together public actors alongside representatives of the Luxembourg industry;
- support active industrial companies in international markets and identify new promising niches.
The High Committee for Industry's objectives are:
- identify, assess and support innovative technology sectors and potential future niches of Luxembourg's industry;
- promote employment and industrial skills (labour market);
- support the competitiveness of industrial companies (regulatory environment, energy and climate change, infrastructure);
- evaluate and complete the system of aid to industry (R&D funding, venture capital, infrastructure);
- coordinate actions and measures agreed between departments and work together to defend Luxembourg's position in relation to European legislative initiatives affecting the industry;
- promote Luxembourg as a business location for manufacturing companies (economic survey);
- support the internationalisation of industrial companies (foreign trade);
- monitor and coordinate the implementation of major or strategic investment projects;
- support innovation and R&D.
These objectives are in line with the current priorities in the field of economic development. Their aim is to particularly develop logistics, life sciences, environmental technologies and information and communication technologies (ICT).
The High Committee has a base composition with the minister in charge of industry, the minister in charge of finance as well as industry representatives, invited on the basis of their skills and experience.
It is chaired by the minister in charge of industry.
Depending to the topics on the agenda or current affairs, this group may be supplemented by one or more members of the government, by experts, representatives of professional chambers, business associations or trade unions.
At the High Committee's demand, thematic working groups may reflect on specific topics, such as European and national initiatives that may have an impact on industrial competitiveness, energy policy, climate change, regulation and administrative procedures, work organisation, work flexibilisation or formation and vocational training.
(Source: Press release of the Ministry of Economy and of the Ministry of Finance)