Tata Coffee signs agreement
with Uganda Govt
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.