May '09
The meeting was briefed on progress made in respect of the establishment of a new venture which may take up assets of the FVP, in order to ensure the retention of strategic textile production capabilities, the maintenance of supply to customers, and employment and economic activity in a region of the country with high levels of unemployment.
Seardel, the IDC and NEF expressed a commitment to work urgently and intensively - as part of a dti-led task team - towards the rapid development of a viable investment plan.
Further information on progress made in this regard, will be communicated in due course.
Minister of Trade and Industry
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