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RWANDA: Utexrwa plans to invest in silk, cotton segment


KIGALI: The only textile plant of Rwanda, Utexrwa has unveiled plans to increase its investments in silk and cotton to boost export revenue and create more jobs, the managing director of Utexrwa Mr. Raj Rajendran said.

He clarified that the plan is to convert the capacity gradually to silk production with an investment of US$ 5million. They expect to see an export sales turnover of about $15-20 million per annum in the next four to five years.

The proposed plan is expected to generate about 7000 jobs in farm and rural sectors and about 500 additional jobs within the industry, the corporate plans is to produce Insecticide Treated Nets (ITNs) to push up the increasing demand in the sub Saharan nations.

The industry targets production of 150million ITNs per year to challenge 18million ITNs produced in Tanzania per year. Last year, the manufacturing sector in Rwanda grew by 17 percent and further there is a lot of new investment in infrastructure to support industrial growth.

However, the representative of the United Nations Industrial Development Organisation (UNIDO) in Rwanda Mr. Emmanuel Karenzi said that UNIDO will work closely with the government partners in productive sectors like agriculture and mining to promote production and exports.


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Added: December 11, 2007 (2564 days ago) Source: Agencies.
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