Efforts underway to assist investors score more -Amhara Region Investment, Industry Bureau
Bahir Dar, July 19 2023 (AMECO) – Members of the Amhara Regional Council visited the Bahardar city development sites.
Abay Cooking Oil Factory, Rasa Steel Factory, and Gedefaw Yismaw Auto Trailer Manufacturing are among the major projects that members have primarily watched.
Fantu Tesfaye, Speaker of the Amhara Regional Council, stated that the observation will assist the council to detect issues that are bottlenecks to progress and will serve the executive body in providing essential monitoring and support.
She stated that the regional council will provide all required help by identifying and resolving difficulties that impede investors’ investment operations.
Mr. Yeshanbel Mengesha, proprietor of the Abay cooking oil plant stated that the factory produces up to one million liters of oil every day. Yeshanbel stated that the plant produces 2 thousand 400 quintals of animal feed each day using by-products.
Gedfaw Yismau Automotive Trailer Manufacturing was another stop on the tour. Gedfau Yismau, the plant’s owner, noted that there had previously been no trailer body work in the Amhara region.
In addition to trailers, the company manufactures fuel tankers for gas stations, according to Gedefaw.
He stated that, despite the factory’s potential to produce more than 200 trailers every year, it is currently producing 50 automobiles.
Mengistu Erkie, Raval Steel Factory’s Human Resource Management and Department Manager, told the council members that the plant uses scrap metal to manufacture ferro, angular, and tubular steel. He stated that the facility has employed 700 people.
Endris Abdu, head of the Amhara Region Industry and Investment Bureau, stated that the bureau is aiming to assist investors in achieving better results.
The head also stated that efforts are being made to address the development concerns of investors so that they may fully participate in development and create job opportunities.
The investors reported that power outages and a lack of foreign money are obstacles that prevented them from working at full capacity.
