Dar es Salaam. The government has established the Textile Development Unit (TDU) within the ministry of Industry and Trade aimed to specifically support investors at every stage of investment process.
With this guide, investors will find the information they need about the sub-sector --the advantages of investing, and the investment incentives and guarantees, as well as practical information on setting up a business in Tanzania. “Tanzanian textile and garment sub-sector provides investors with outstanding opportunities to capitalise on its great but under-exploited potential. Tanzania has latent comparative advantage, boasting extensive cotton production, and sea and land access to a number of major export markets,” the ministry said in a statement yesterday.
Low wages and the low price of electricity make Tanzania one of the most cost-competitive textile and garment producers in the world.
To that effect, the government plays a supportive role in the sub-sector. As one of the most stable countries in the developing world Tanzania offers a rare combination of cost competitiveness and credible investment guarantees.
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