Gov’t to export 2.5bn tons of starch

A company in China Chinese National Building Materials (CNBC) has expressed interest in exporting 2.5 billion tons of starch under the one district; one factory initiative of the government.

According to Goldstreetbusiness, the company has agreed to buy a tonne of the product for US$300.

The Company has already committed US$2billion for the provision of machines and other equipment for the companies that will be given the nod to operate under the project.

The government of Ghana had earlier revealed that 63 businesses are prepared to establish their firms under the one district one factory project.

The Deputy Trade Minister Robert Ahomka-Lindsay mentioned this when he met members of the Association of Ghana Industries (AGI) on Wednesday (July 26, 2017).

“We have had close to 400 business plans that have been presented now. This is interesting because if you look at the business plans that have been presented, over 331 of those are actually business plans. So we are not talking about somebody just writing a couple of sheets and saying that I have a dream to build eggs and as the chairman was saying, these are business plans that we feel are of substance.”

“We have analysed over 331 of these business plans and of those 331 business plans, 63 of them are 2 million dollars and above and are of the nature of construction. As we speak today, it is ready to go forward so these are businesses that know what they are doing,” he added.

Ahomka-Linsay said it is estimated that the cost of the districts will be over 2 million dollars and would be built in different districts across the country.

Ahomka-Lindsay also added that government has also started work to put in place the infrastructure to make the project feasible.

Gov’t to export 2.5bn tons of starch

A company in China Chinese National Building Materials (CNBC) has expressed interest in exporting 2.5 billion tons of starch under the one district; one factory initiative of the government.

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