Export Processing Zone opens in Tanzania
Kamal Industrial Estate, an initiative by the Kamal Holding to develop the first ever Private EPZ (Export Processing zone) in Tanzania is becoming reality.
The industrial estate is spread over 279 Acres in the Bagamoyo District close to Dar-es-Salaam and is designed to provide superior infrastructure and facilities for faster setup.
According to Kamal Group chairman Gagan Gupta the infrastructure is scheduled for completion by July 2010.
At least 25,000 people are expected to be directly employed when the EPZ project becomes operational.
According to Dr Adelhelm Meru, Director General of the Export Processing Zones Authority, in charge for fostering economic growth through promotion of export-led manufacturing investments in Tanzania the project will boost Tanzania’s exports and increase foreign exchange earnings.
The Kamal Group operates in different sectors such as Steel, Alloys, Mining, Construction, Agriculture, Industrial & Medical Gases and has remarkably grown in Tanzania and has spread its wings over East Africa with various flourishing Companies under its wings.