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Uganda govt grants land to Chinese investors for cotton
05
Sep '14
The Government of Uganda has provided 750 acres of land to Chinese investors for cotton farming in the Masaka district, Daily Monitor reported.

According to the Director of Crop Resource, Ministry of Agriculture, Mr. Okaiesa Opolot, the investors from the Provincial Department of Agriculture in the People’s Republic of China, Sichuan, have been given the land for producing cotton in Masaka, by the local government.

To start with, Sichuan has decided to invest US$ 60 million (Shs156 billion) per year. By next five years, it would have invested about $300 million (Shs780 billion), Mr. Opolot said.

He added that this will not only increase the job opportunities in Uganda, but also help farmers have a stable source of income from cotton, when the planting season begins.

A team of 14 investors, led by the deputy director general of Sichuan, Mr. Tu Jian Hua, had visited Uganda for meeting the Government Officials of the country.

According to Hau, this investment would create more job opportunities for people in Uganda, as the cotton that would be produced, will be processed locally.

Hau said the Chinese have been doing research related to growing improved breeds of cotton, which has showed positive results. (GK)

Fibre2fashion News Desk - India


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