MUKONO - The State Minister for Investment, Evelyn Anite, has said the government will develop Mbalala Industrial Park in Mukono district with similar utilities to match with other industrial parks in the country.
Warning against wetland encroachment, the minister said investors in Mbalala will be provided with all the necessary requirements to elevate the park.
"Currently, eight out of the proposed 27 industrial parks are already operational, namely: Namanve, Luzira, Bweyogerere, Jinja, Mbale, Soroti, Mbarara and Kasese. We also have private ones like Liao Shen in Kapeeka in Nakaseke district, plus MMP in Buikwe district."
Anite made the remarks at a meeting (Balaza) on Tuesday, May 6, at Mbalala in Mukono district.
She thanked the investors who came up with the vision of putting up industries in the area, which has created jobs for young people, especially school dropouts and even those without professional skills.
“In the past, Africans were not ready to take the role of industrialisation. But under the leadership of President Yoweri Museveni, he has attracted both the local and foreign investors to establish industries in various parts of the country to reduce the importation of goods,” Anite said.
She explained that to encourage foreign investors, the government has given out tax holidays depending on the total amount of investment made to allow their business to grow before they can begin to pay taxes.
Minister Anite thanked the investors who came up with the vision of putting up industries in the area, which has created jobs for young people, especially school dropouts and even those without professional skills. (Credit: Wilfred Sanya)
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