Indigenization policy is a measure aimed at

Indigenization policy is a measure aimed at reducing foreign economic domination in a country by transferring control of certain industries or businesses from foreign ownership to local ownership. The policy is designed to promote local participation and control in key economic sectors and address the economic imbalance that may exist between foreign and domestic interests. By empowering local businesses and entrepreneurs to take on a greater role in the country's economy, indigenization policies aim to promote greater economic growth, stability, and development. Therefore, the indigenization policy seeks to reduce foreign economic domination by giving the locals more control and ownership over certain industries or businesses, thereby promoting local economic growth and development.