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Tiamin Rice Invests $13.4 Million To Produce 1,520 Tonnes Daily - Naija Info - ECHOnigeria

ECHOnigeria Forum / Naija Info / Tiamin Rice Invests $13.4 Million To Produce 1,520 Tonnes Daily (1 Post | 382 Views)

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Tiamin Rice Invests $13.4 Million To Produce 1,520 Tonnes Daily by dimexy247(m) : 9:03 am

IgbereTV reports that the yesterday, the Managing Director of Tiamini
Rice Mill Limited, Aminu Ahmed said that an additional sum of
$13,370,500 has been invested by Tiamin Rice Mill Limited to raise its
production capacity from the current 320 tonnes to 1,520 tonnes per day.

Mr
Ahmed made this known when he led the management team of the company on
a courtesy call on the Indian High Commissioner to Nigeria, Abhay
Thakur, in his office in Abuja.

The MD said the policy of the
present administration, especially the ban on smuggling and the
interventions given to them by the Central Bank of Nigeria, have helped
immensely in boosting local production of rice.

Mr Ahmed that
the company which was established in 2016 in Kano started production of
rice in 2018 with 320 tonnes per day would expand its existing
production line from 320 tonnes to 920 tonnes next year, while a new
production line would start production of 600 tonnes per day in Bauchi
by May 2020.

He said, “We are now investing $13,370,500 to boost
our production capacity to 1,520 tonnes per day. Already we have placed
orders for all the machinery needed, and all arrangements are on top
gear to meet the deadline we have set. By next year, we plan to become
the biggest rice producers not only in Kano but in the whole country.
Our watchword is quality and affordability. We produce one of the finest
brands in Nigeria that can compete with foreign rice brands in terms of
quality.

Mr Ahmed said that the durability of the Indian
machines was secret behind the quality of Tiamin Rice. He then thanked
the Indian High Commission for its support and sought further
cooperation in the areas of easing trade relations between his company
and Indian partners.

The high commissioner thanked Tiamin Rice
for the courtesy call, and also for patronising Indian machines. Mr
Thakur expressed hope that the policy of boosting local production would
be sustained beyond the present administration to enable local
industries in the country to grow.

While speaking to journalists
after the visit, the Managing Director of Tiamin Rice expressed his
appreciation to the federal government for their support in local rice
production and to the state governments for the enabling environments
given to the company.

The post Tiamin Rice Invests $13.4 Million To Produce 1,520 Tonnes Daily appeared first on Citiloaded.

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