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Business News of Tuesday, 8 October 2002

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Jeans Company Established In Ghana

A new textile company, Belin Textile International Limited (BTIL), has been established in Accra to produce T-shirts and Blue Jeans for both local and foreign markets. The company would start operations in February next year. It was established under the Presidential Initiative on Textiles. Ghana's Honorary Consul to Mauritius Mrs. Michelle Feillafe disclosed when she led a team of investors from Mauritius to sign a memorandum of understanding with the government of Ghana for the establishment of a sugar production project.

She said all the machines and facilities for the first phase of the operations of the textile company is in place. "The first phase of operations would involve the production of T-shirts and the second phase, which would begin later in the course of the company's operations, would concentrate on the production of blue jeans.

Mr. Robert Paapa Cudjoe, prospective Managing Director of BTIL said the company would begin with staff strength of 100 Ghanaians from the Presidential Special Initiative Training Centre in Kaneshie and 12 expatriate staff from Mauritius and India to train local staff. "By the close of next year the staff strength is expected to rise to about 200," he said. The initial investment for the first phase is valued at about one million US dollars. The second phase is expected to cost more.