1,000 jobs to be created in pharmaceutical, textile industries

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The factories are to directly benefit the people of Uganda and the entire East African region on top of providing skills.

 PIC: Merchant (right) meeting Ambassodor Ocwet at the Office of the President on Thursday
 

INVESTMENT

Indian investor, Javid Merchant, who is set to invest over $10m in pharmaceutical and textile industries on August 30, 2018 paid a courtesy visit to Ambassador Joseph   Ocwet, the director general external security organisation.

After meeting Ocwet, he said he hopes to start construction of the two key investments in the pharmaceutical and textile industries.

The two met at the Office of the President in Kampala as Merchant awaits allocation of land in the industrial park.

Merchant is in Uganda for a second visit as he carries out visibility studies as he plans to kick start the pharmaceutical and textile industries.

Merchant, who recently met President Yoweri Museveni at State House Entebbe to discuss investment opportunities, hopes to start the factories as soon as the signing of relevant documents with the relevant authorities is done. 

Javid Merchant will be opening various industries to train Ugandans on how to locally produce more products. This is in line with the government programme of buy Uganda, build Uganda.

The factories are to directly benefit the people of Uganda and the entire East African region on top of providing skills and jobs to Ugandans.

The pharmaceutical plant will in its initial phase employ over 100 people and the textile industry will create over 1,000 jobs. 

Five million dollars is earmarked for the pharmaceutical plant and more five for the textile factory. 

 

NewVision.co.ug

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