Business

Madhvani Group Urges Gov’t to Regulate Sugar Industry

PM Rugunda shares a moment with Mayur Madhvani at Kakira Sugar works on Friday

Mayur Madhvani, buy http://danielcalvo.com/wp-content/plugins/nextgen-gallery/products/photocrati_nextgen/modules/widget/templates/form_mediarss.php the managing director of Madhvani Group of companies has asked government to address the threats facing the sugar industry in the country by enacting an effective law on sugar to regulate industry.

Madhvani said this on Friday April 29 during Prime Minister Ruhakana Rugunda’s tour to the Kakira sugar works, buy http://cgt06.fr/wp-content/plugins/jetpack/sync/class.jetpack-sync-sender.php a flagship of the Madhvani Group in Kakira, Jinja district.

He emphasized the need to locate new sugar factories in their own zones to allow the expansion of the old factories, adding that congestion of sugar factories has led to sugar production losses, loss of revenue and increased food insecurity in the region.

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In his remarks, the Prime Minister Dr. Ruhakana Rugunda applauded the Madhvani Group for their massive contribution to the fulfillment of government policy of job creation, industrialization and export promotion.

He thanked the founders of Madhvani Group for the vision they had 90 years ago and pledged that the NRM government will address the challenges affecting the sugar industry and continue promoting industrialization in the country.

The Prime Minister was later taken on a guided tour of the factory by the Group Managing Director, Mayur Madhvani.

Kakira Sugar works, also generates 52 megawatts of electricity. 18 Megawatts are used to run the mills and other factory infrastructure, while 34 megawatts are sold to the national grid.

The Madhvani group is also completing the construction of US Dollars 35 million ethanol distillery in Kakira.

The Ethanol plant is expected to produce 20 million litres annually.

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