AYV News, October 19, 2023
ARISE IIP’s Textile Industry Zone in Benin to be replicated in Sierra Leone
Country Representative of ARISE Integrated Industrial Platforms (ARISE IIP) in Benin, Letondji Beheton has revealed that the Textile Industry Zone to be established in Sierra Leone alone will provide 170,000 jobs as it processes 40,000 tons of Fiber.
Mr. Beheton said: “The Zone will be a leading agricultural processing center for Africa and will be processing our own raw materials for the domestic and international market. In the next ten years, we hope to provide 300,000 jobs directly and 600,000 indirectly”.
ARISE IIP identifies industrial gaps in African countries that unlock value and create new industries. Its aim is to industrialise key sectors by creating local transformation, maximising production, efficiency and cost, which in turn generates local value addition.
The Company’s trusted partnerships with governments and investors enable it to execute large-scale projects that transform local value chains and industrialise countries in an environmentally sustainable way.
Its tailor-made Special Economic Zones in Gabon, Benin and Togo seek to boost exports, enable the local transformation of raw materials and promote trade.
Owner and Chief Executive Officer of ARISE IIP, Gugan Gupta has assured that a similar development model in Benin will be replicated in Sierra Leone in the next 24 months.
His Company, he said is committed to investing in Sierra Leone not only in the rail and port but also creating a business community that attracts more international investors that will invest in areas like tile factories, cashew processing factories and garment production factories among others.
ARISE IIP is poised to provide hundreds of thousands of jobs directly and indirectly as it plans to bring in the broader investment model to Sierra Leone just like in countries like Benin where it has established an Industrial Zone.
This is a specific area of the national territory that was allocated by the Government of Benin to promote agriculture products and processing (cashew nuts, cotton, soybeans, shea butter, pineapple, etc.) and other raw materials, where fiscal and customs measures and facilities for settling up administrative procedures, infrastructure and services are put in place to attract investors.
