— Hundreds Liberians to get employment
The struggling Liberian economy has been given a bit of a push by Sethi Ferro Fabrik Incorporated, the oldest Indian investment in Liberia that pumped millions of dollars in constructing the nation’s first giant size steel manufacturing plants–an investment that comes with huge employment benefits.
The multi-million dollar plant was dedicated on Tuesday, July 23, 2019 by President George M. Weah as part of the festivities in observance of the country’s 172nd Independence Day celebration.
The program was witnessed Y. K. Sailas Thangal, Ambassador Extraordinary and Plenipotentiary of India accredited to Liberia, Commerce and Industry Minister Wilson Tarpeh, Foreign Minister Gbehzohngar M. Findley, Minister of State Nathaniel McGill, Senator Prince Y. Johnson of Nimba County and other officials of government.
At the dedication, President Weah pledged the government’s commitment to provide the atmosphere for continued business by Sethi Ferro Fabrik Incorporated and other businesses.
"For Liberia to be better and the economy to grow," the President said, "we must be mixed with different economic powers that will have the same value and strengthen us, Liberians."
"Why do you say that Lebanese cannot be citizens? If they come and work, they will take the money to the country where they are citizens. They will be depleting us by generating ten billion in Liberia, they will take it to Ghana where they are citizens because they are confidence of ownership," President Weah said.
According to President Weah, for proposals of such ideas that will give the Liberian economy a boost, these are some of the problems. "Why are we afraid of other nationals to build their capacities in Liberia?" he asked.
He said today Liberia produces rubber but does not have even a shoe factory. "Today we have iron ore and are proud to announce that Liberia has a steel factory and this is the right way to go."
Weah Speaks at the dedication of Sethi Ferro Fabrik steel plant in Monrovia.
Jay S. Khanija, director of the Sethi Ferro Fabrik Incorporated, said the company is prepared to use Liberia’s iron ore to produce various steel products.Mr. Khanija, who is also the son to Sethi, said the company’s goal is to lead the way for value addition and local manufacturing in the country, an initiative that the company has started already.Mr. Khanija said the project will need the support of everyone as there will be no need to export scrap as Sethi Ferro Fabrik […]