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+--- Thread: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily (/showthread.php?tid=24832)
Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily - Edoman - 11-06-2019
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.
http://igberetvnews.com/1114394/tiamin-rice-invests-13-4m-produce-1520-tonnes-daily/