The Minister of Trade and Industry, François Kanimba, on Wednesday officially launched the new branch of Aquasan Ltd located in the Special Economic Zone (SEZ).
The company, which deals in chemicals and plastic products, invested $2 million in the new plant. It previously operated in Gikondo.
Speaking at the function, Minister Kanimba said: “The launch of this Aquasan plant is of great significance to our economy because will reduce imports since it works as import substitutions”.
He noted that the new plant will immensely support the government program of promoting Made in Rwanda products, and also irrigation schemes in the agriculture sector since it engages in production of fertilizers.
The general manager of Aquasan Limited, Rakesh Vikram Singh, said that new plant will promote value addition and create employment opportunities for more Rwandans.
“We currently employ 45 Rwandans as permanent staff and we intend to recruit more… this plant will produce affordable products that target small customers and promote value addition” Singh said.
He added that they are planning to start exporting their products to the neighboring countries of Tanzania, Democratic Republic of Congo and Eastern Uganda.
The plant, like any other in the SEZ, is challenged with unreliable and insufficient supply of electricity.