By Kampala Post Report
President Yoweri Museveni has said that the NRM Government’s trend of developing Industrial Parks that are encompassed with the necessary infrastructure will enable Uganda to compete favourably in the exportation of goods.
The President was speaking on Friday at the groundbreaking ceremony for the construction of the US$600 million Sino – Uganda Mbale Industrial Park in Mbale Municipality along the Tirinyi – Mbale highway in Eastern Uganda.
The facility will be constructed under the initiative of the Government of Uganda and the economic support of the Chinese investment and manufacturing sector.
50 major Chinese manufacturing companies, among others, that are involved in the development of the facility include Lan Xin Glass Company Limited with an annual output of 50,000 tons of glass products; Great Wall Juice Group Limited; China Electronics Corporation Limited that has an annual output of 120,000 intelligent multi media electronics; Pau Way Energy Technical Company Limited with annual output of 15,000 diesel generator sets; Uganda Plastic Products Limited and North Auto Mobile Group Limited that is capable of outing 30,000 pickup trucks.
The 2.5 square kilometer facility is expected to be completed in 5 years and will have capacity to create 15,000 employment opportunities for local employees. Many of the facilities products will be exported to the regional market of East Africa of 200 million people.
President Museveni said that the development of industrial parks in Uganda will go a long way in enabling Ugandans to take off and shift from retail to manufacturing business both for the local and export markets.
“It is a mistake for Uganda to remain in retail business in places like Mbale, Soroti to sell imported merchandise. These Industrial Parks are big towns for the manufacturing sector that will boost job opportunities,” he said.
The President assured investors that they should not worry about taxes adding that they will be granted a tax holiday for ten years. He reminded the people who are still on the land of the Industrial Park to move away because they were duly compensated.
"Allow this project to take off soon. Investors come to Uganda because they know how Uganda is endowed with natural resources that are still underexploited," he said.
Meanwhile President Museveni told the residents of Bugisu Sub-Region, to make a difference in the future by voting leaders who are patriotic, freedom fighters and who respect human rights.
Finance and Economic Planning Minister, Matia Kasaija, thanked President Museveni for his exemplary leadership and moving the national economy forward. He said that Mr. Museveni’s emphasis on industrialization has enabled Uganda to establish the foundation that will make the country achieve the goals of industrialization.
State Minister for Investment, Evelyn Anite, reported that 11 Industrial Parks have been completed out of the projected 25 in the country.
"As we launch the construction of Mbale Industrial Park, thirty investors are here and ready to invest," she said.
The Chairman of the Sino-Uganda industrial Park and Tian-Tang Group, Paul Zhang, disclosed that 50 Companies are ready to participate in the development of Mbale Industrial Park adding that in the future, schools and hospitals will be built in industrial cities in Uganda.
Mbale District LC5 Chairman, Bernard Mujasi revealed to President Museveni that the people of the Sub-Region are grateful to the NRM Government for the development programmes in their area.