Industrial journey gathers pace in Bagamoyo
BAGAMOYO, May 31 -- THE transformation of the Bagamoyo Eco Maritime City as the heartbeat of the countrys industrialisation is in top gear with the Sinovest Industry Investment Limited expected to commence operations by the end of the incoming month (June), producing high-end clothes for export to Europe and the United States of America (USA).
The Sinovest manufacturing project worth over 500 million US dollars (more than 1.3tri/-) aims at venturing in the entire value chain of cloth production by constructing 15 factories, aligning the countrys industrial trajectory with the National Development Vision 2050 which intends to create a trillion-dollar economy.
The Sinovest Industry Investment Limited project covers 21 hectares in Bagamoyo...
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