Nyanza Ltd will inject $5 million to complete a three-phase modernisation programme that began in 2001 to produce internationally-acceptable quality fabrics.
Company Managing Director, Viren Thakker said that investments will help in procuring modern machines like the Japanese Toyota and Germany Sulzer looms and improve quality and weaving capacity to 30 million meters, up from 12 million meters.
He said this would create new jobs and also almost double Nyanza's lint cotton consumption of 10,000 bales annually.
The company will also increase its market locally under the African Growth and Opportunities Act (AGOA) and internationally, in the European Union, because from September 2007, the sub-Saharan exporters of Africa will source fabrics from Africa and continue exporting under AGOA, Thakker concluded.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
