MBALE – President Museveni on Thursday, March 19 launched Sino-Uganda Mbale Industrial Park project which he said will bring 15,000 jobs directly.
According to him, Sino-Uganda is already employing over 800 Ugandans by; Pearl Light Technologies which manufactures LED bulbs, Ubon Personal Care which manufactures washing detergent, and Victoria Cables (electric cables), Kyoga textiles (making socks).
He said “The park has a capacity of 60 factories, this is an opportunity for us to employ our people and improve our manufacturing capacity. We are going to ensure there is enough electricity to power this project.”
“While creating jobs, we also will be saving by manufacturing a number of products we have been importing,” he said.
Museveni revealed that the cable factory alone is going to save the nation about Shs810b on cable imports and the LED bulb factory about Shs17b in imports.
Last year, Museveni commissioned the construction of this Park as part of the “industrialisation agenda”, where a total of 22 industrial parks are meant to be created across the country.
This park has among other factories; Pearl Light Technologies which is manufacturing LED bulbs, Ubon Personal Care which manufactures washing detergent, and Victoria Cables which is manufacturing electric cables.
The president in the statement he shared on his Facebook page on Thursday afternoon, he revealed that government is also drafting a new policy requiring investors to purchase raw materials in areas where the companies are located to ensure that local materials and labour force are prioritised.