The Independent Uganda: You get the Truth we Pay the Price
Kigali, Rwanda | THIS WEEK | The entry of Burera Garment Factory in Rwanda is expected to tighten competition in the country’s textile industry.
The firm that plans to start its operations in Burera District soon, is a joint venture by Burera District and Noguchi Holdings, a Japanese venture capital firm as part of the Integrated Craft Production Centres (ICPC).
The new development is expected to boost the Made-in-Rwanda Initiative and efforts toward self-reliance and import substitution.
Jean Marie Niyonzima, the firms’ chief executive officer said the project targets to create 200,000 off-farm jobs annually by 2018.
She said the firm has so far invested Rwf1 billion, with the district holding 48 % of the shares while Noguchi holding the remaining shares.
“Currently there are over 280 modern machines that will be used in clothes manufacturing and a computerised cutting machine worth Rwf170 million,” she told the NewTimes. The factory plans to produce 480,000 clothes per month.
The article is not yours. It is a copy paste from a foreign newspaper. Why this ?