Kenya attracts investors with proposed ‘Textile City’




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Kenya has revealed plans to build a “Textile a bid to attract investments and create jobs, Adan , Industrialisation Cabinet Secretary said.
of Industrialization and Enterprise Development, according to , targets investment from fewer 100 firms at Textile to be located Athi River.
Secretary spoke at Export Processing Zone Authority (EPZA) Complex, as he hosted a group of international garment manufacturing firms numbering about 40, whose combined annual exceeds Sh2 trillion ($25 ), and are potential investors the proposed Textile .
Kenya would expect such firms to exploit opportunities that are abound in yarn spinning and cotton ginning, production of home and textile fabrics, apparel, garment accessories, among others.
Although Kenya surpassed its GDP forecast for 2013 by 0.2 percent, the contribution of the manufacturing sector to GDP dropped last year from 9.5 percent in 2012 to 8.9 percent.
With the need to expand the textile industry now seen as pertinent, confirmed that plans have reached an advanced stage on of the Textile City.
The Industrialisation Secretary also said the Textile City development is part of Kenya’s larger to address industrialization challenges faced by the country in the Athi River EPZA zone and other locations.
Apart from the reviving the manufacturing sector of the economy, Kenya also hopes to create over 200,000 sustainable jobs from the textile industry by December 2016. (VENTURES AFRICA)