Maputo, Mozambique, 19 Nov – Indian company Aar Ess Exim Pvt plans to carry out an economic feasibility study to build a cement factory in the Mozambican province of Inhambane, the company’s executive director said in the province Thursday.
The executive director of Aar Ess Exim Pvt, Rajendra Mishra, and Francisco Itai Meque, governor of the province, signed a memorandum of understanding for construction of a cement factory in Pembara.
The cement factory, an investment of US$65 million, will have a production capacity of 1,000 tons per day and provide jobs for around 250 people.
Construction of the factory is due to begin next year in order to start operating at the end of 2009, but everything depends on the economic feasibility study that Indian experts will begin soon with a visit to the province.
However, Mishra said that the raw material (lime) for cement production was easily available in Inhambane and added that he was confident as to the existence of a market for the product from the cement factory. (macauhub)