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Tata Coffee
signs agreement with Uganda Govt The
Hindu November 9, 2006 Tata Coffee
has entered into an agreement with the Ugandan government to set up a 3,600 metric
tonnes-per-annum capacity plant in that country at an investment of Rs 70 crore,
a top company executive said today. The company's managing director, M H Ashraf,
said here that he expects building of the plant to start after three months.
"We
have signed the agreement with the Ugandan government. Now we are in discussion
with people who supply equipment (of German technology type) and also the contractors,"
he said.
"We have to get permissions like environment and things
like that. We expect them to take about three months after which we will start
the work".
Ashraf said the company's total investment in the Ugandan
venture is in the region of Rs 70 crore.
"We are hoping to market
it (instant coffee to be produced in the proposed Ugandan plant) in EU and China.
Uganda has a special relationship with these countries. As a least developed country,
they (Uganda) don't have to pay taxes.... import duties. That's why we picked
up Uganda," he said. |
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