The New Nigerian Development Company and Sur International Textile, a Turkish company with an investment of 15 million dollars have entered into a partnership aimed at revitalizing, the collapsed Kaduna Textile Limited (KTL).
SUR will provide 35 percent of the total funds while the balance would be shared between the Federal Government and 19 Northern states.
The Turkish business delegation had earlier inspected the site of the firm and the Defence Industries Corporation of Nigeria, both at the Kakuri Industrial Layout in Kaduna.
The Executive Director, Investment Supervision Directorate of the NNDC, Alhaji Ali Gombe, who is also the Chairman restructuring committee of KTL, stated that SUR had indicated its willingness to enter into partnership with NNDC towards investing in Kaduna Textile Limited.
According to him, when the agreement is accomplished, Kaduna Textile Limited will start producing military and para military uniforms. KTL will also go into other garments production.
The move to revitalize Kaduna Textile Limited is as laudable as it would, in the long run, turn around the fortunes of the company as well as the socio-economic development of northern Nigeria and the country as whole.
The Group Managing Director, Dr. Ahmed Musa, said that revamping the KTL would boost the economy of Kaduna state and create employment opportunities to the unemployed youths within and outside the state.
According to him, the project is a big and laudable one that will boost the economy of Kaduna State by increasing its revenue drive and create massive employment. They have been also able to attract investors into the state.
The Kaduna Textile Limited, established in 1957, operated a large integrated textile mill, producing various kinds of garments. The company, currently in a state of comatose, started operation in November 1957, spinning countryâ€™s cotton and later in January 1958, went into full production of unbleached grey bafts. In 1961, it began the production of finished garments.
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