Textile investor abandons P30m expansion plans
Tuesday, June 05, 2012
In an interview with Mmegi Business last week, managing director Mukesh Josh said the firm, which currently employs 460 people, has been heavily affected by shortage of skills, and can no longer meet the demand for its products, especially from South Africa.
"There is a huge demand for our products in the South African market. We were hoping to begin expansion soon so that we can meet the escalating demand for our products in the country but we are unable to do so. "There is greater lack of skills in the textile industry locally, especially technicians. That is why we have decided to temporarily ditch our expansion plans. We are now rejecting orders from SA because we can't cope with the demand for our products," he said.
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