nngu007
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- Aug 2, 2010
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Wednesday, 25 May 2011 23:13
Steel is produced in this file photo. The construction of the Kamal steel mill will start soon in Bagamoyo, Coast Region.
Upon its completion, it will be the biggest steel factory in East Africa.
Dar es Salaam. Kamal Group of Companies has said it will soon start construction of a steel producing mill, tipped to be the biggest in the entire East African region.The company's chairman, Gagan Gupta, told reporters in Dar es Salaam yesterday that the project will cost $222 million (about Sh311 billion). The mill will have production capacity of 700,000 tonnes of steel per year.
"Containers full of equipment and heavy machines worth about $3.2 million have already arrived at the Dar es Salaam port and we expect construction to start soon", he said.Architects have already finished work on the structural designs paving way for the laying of the foundation stone, according to Mr Gupta.
"Our plans is to make Tanzania and the East African countries spend less by buying from us and save money that could have been spent to buy same materials from some other countries, " he said.
"A team of engineers is already in Dar es Salaam to inspect the site and take over the remaining job of installing machines", he said.
Kamal Group Limited is owned by investors from India who have vast experience in the manufacturing and agriculture sectors. The company is also developing an Economic Processing Zone (EPZ) in Bagamoyo, Coast Region.
"So far, 24 plots in the EPZ have been booked by foreign investors from India and the United Arab Emirates from the land which is more than 300 acres", he said.
He said that the project would offer thousands of direct jobs to Tanzanians when completed."We are encouraged by the Tanzanian government's good policy towards investors and we hope we can play a very key role to promote the economy and the people of this great country", he said.
Steel is produced in this file photo. The construction of the Kamal steel mill will start soon in Bagamoyo, Coast Region.
Upon its completion, it will be the biggest steel factory in East Africa.
Dar es Salaam. Kamal Group of Companies has said it will soon start construction of a steel producing mill, tipped to be the biggest in the entire East African region.The company's chairman, Gagan Gupta, told reporters in Dar es Salaam yesterday that the project will cost $222 million (about Sh311 billion). The mill will have production capacity of 700,000 tonnes of steel per year.
"Containers full of equipment and heavy machines worth about $3.2 million have already arrived at the Dar es Salaam port and we expect construction to start soon", he said.Architects have already finished work on the structural designs paving way for the laying of the foundation stone, according to Mr Gupta.
"Our plans is to make Tanzania and the East African countries spend less by buying from us and save money that could have been spent to buy same materials from some other countries, " he said.
"A team of engineers is already in Dar es Salaam to inspect the site and take over the remaining job of installing machines", he said.
Kamal Group Limited is owned by investors from India who have vast experience in the manufacturing and agriculture sectors. The company is also developing an Economic Processing Zone (EPZ) in Bagamoyo, Coast Region.
"So far, 24 plots in the EPZ have been booked by foreign investors from India and the United Arab Emirates from the land which is more than 300 acres", he said.
He said that the project would offer thousands of direct jobs to Tanzanians when completed."We are encouraged by the Tanzanian government's good policy towards investors and we hope we can play a very key role to promote the economy and the people of this great country", he said.
