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Tanzania to revamp stagnant industries giving them to potential investors

Related Keywords: denying people access to employment, markets for agricultural products, mobilizing investment, National Assembly making a survey, privatized industries not functioning, processing and manufacturing industries, set up in the areas of textile, Supporting Indian Trade and Investment for Africa, Tanzania government, to serious potential investors

Tanzania government will give privatized industries which are not functioning to serious potential investors. The National Assembly are also making a survey to know if the privatized industries are honouring the contracts awarded when give the factories, failure of which the government will give them to other potential investors, said Mr. Charles Mwijage, the Minister for Industries, Trade and Investment.

Those who have decided to change their use must be prepared to hand them back to the government so that other investors take them for improved productivity, said the minister.

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