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.

Send your News/Releases for publication to
Added: December 11, 2007 Source: Agencies.
Start script - 1495920481.3213 Start news id check - 1495920481.3213 After news id check - 1495920481.3216 After cookie_code - 1495920481.6055 Before news detail - 1495920481.6055 After news detail - 1495920481.6064 Start cat select - 1495920481.6064 After cat select - 1495920481.6065 before preg replace - 1495920481.6065 After preg replace - 1495920481.6065 Before tag engine - 1495920481.6065 After tag engine - 1495920481.6103 Before mptt engine - 1495920481.6103 After mptt engine - 1495920481.6103 Before related engine - 1495920481.6103 After related engine - 1495920481.6178 Before update hits - 1495920481.6179 After update hits - 1495920481.6181 After update news_hits - 1495920481.619 After mem_only_views - 1495920481.619 -------------------------------------------------- Total Exec time:- 0.29769992828369
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2017. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 27-05-2017