Donors and govt of India plan to invest more than Sh4 bn at Rivatex

YarnsandFibers News Bureau 2015-12-01 17:00:00 – Africa

Donors including the government of India is planning to invest more than Sh4 Billion in phase two expansion plan of the Rift Valley Textile Company ( Rivatex) in Eldoret which is likely to increase the region's cotton production and create 2,000 more direct jobs. The firm has 600 workers.

Investors want more farmers in Western and Rift Valley to venture into cotton farming to produce enough raw materials to sustain it.

Under the expansion plan the government is to modernise machinery and expand the factory which is owned by Moi University. The university bought it after revival for training and production purposes.

Already garments produced by the revived company are selling at outlets in the country.

The government has already embarked on its rehabilitation and expansion at a cost of Sh600 million.

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