Speaking at the event at the weekend Bashe said the revival of the ginnery was a good beginning for cotton farmers to increase production as well as their own incomes.
“The project to revive the ginnery had cost 6.71bn/- from Tanzania Agricultural Development Bank (TADB) loan,” he said.
He said the revival of the factory that stopped production for several years will make farmers in Chato District and surrounding areas to increase cotton production.
Bashe also hailed TADB for its efforts to spur development among farmers via soft loans.
“I congratulate TADB, the ministry and other agriculture stakeholders on how we worked together to ensure the factory continues production,” he said and called on other financial institutions to emerge and invest in the farming sector.
TADB managing director, Japhet Justine said the inauguration of the factory will add value to the cotton crop which dropped since 2013/14 season.
He said this year’s price for cotton has been good compared to other seasons and that they will continue mobilizing for the availability of markets.
During the last season we made efforts to buy cotton from farmers at a price that they were happy with but we continue more efforts to make cotton more profitable by reviving more cotton ginneries,” said Deputy Minister Bashe.
