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Mulungushi Textiles to be revived
01 Jul '11
1 min read
The Kabwe-based Mulungushi Textiles and many other Government subsidiaries created by the Zambian Government will be revamped, according to Felix Mutati, Minister for Commerce, Trade and Industry.
The Minister said that the Government cannot let the Government subsidiaries created by tax payers' money go waste. He added that the Government is giving importance to save all subsidiaries owned by it and make them operational to their full capacity, to increase employment opportunities for Zambians.
The Mulungushi Textiles Joint Venture Ltd. was set up in a joint collaboration of the Zambian and Chinese Governments in 1997 and is the largest textile company in Zambia.
The Minister said that the Government cannot let the Government subsidiaries created by tax payers' money go waste. He added that the Government is giving importance to save all subsidiaries owned by it and make them operational to their full capacity, to increase employment opportunities for Zambians.
The Mulungushi Textiles Joint Venture Ltd. was set up in a joint collaboration of the Zambian and Chinese Governments in 1997 and is the largest textile company in Zambia.
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