President Museveni on Tuesday commissioned eight factories in Jinja and Buikwe districts and commissioned the MMP Industrial Park, run by Magan Patel.
The Head of state, said the factories will create 5,000 direct and indirect jobs and produce a variety of products including aluminum, textiles, batteries, steel and ethanol.
‘‘When the park is fully operational, it will employ up to 12,000 people.’’ He said.
He added: The formula to job creation is through the private sector. As government, we have ensured peace and stability, provided infrastructure like roads and electricity and skilled the human resource. We now must fight corruption that frustrates investors.
Regarding salaries for workers in the factories,- Mr. Museveni said wages must be scientific. ‘‘Wages should be tied to profitability otherwise you could run down a factory by insisting on high wages.’’
The president revealed that the investors of the 08 factories will get tax incentives ‘’just like we have done with others. We are not interested in direct tax. If you manufacture products here and employ our people, we can still get money through indirect taxes.’’ He said.
‘‘Your request for land to set up a pharmaceutical factory will be granted. I am glad you are setting up a facility to produce paper. Currently, Uganda spends $130m on importing paper. We shall start a drive to grow bamboo to support the paper factory’’