IN a vote of confidence in the country's investment climate,
Speaking at the official opening of the Varun Beverages Zimbabwe additional plant, bottled water, and cordial production line yesterday,
"I challenge other private sector players to take advantage of our growing economy, broadening income levels and the resultant markets to increase their investments as we move the economy up the value chains," said the President.
Describing the commissioning of the additional plant, bottled water, and cordial production as yet another milestone, itself a fulfilment of
"I am delighted that you have fulfilled the pledge you made at that event and accordingly expanded the plant in line with your business growth strategy.
"The operationalisation of the production line and setting up of an additional plant is most timely not only in respect of satisfying the ever-growing local market but also with regards to the potential in the regional market.
"The attendant increase in production will equally create more employment opportunities, increase household incomes and help in meeting the national demand for beverages. I, thus, commend Varun Beverages Zimbabwe for this forward-looking and bold business decision to invest in our jurisdiction."
Since
Consequently, major companies have been coming into
"It is encouraging to note the tremendous growth that Varun Beverages Zimbabwe has undergone since 2018. This has seen the unveiling of this seventh production line which I am commissioning today. The capacity of the new plant to produce 400 bottles per minute of bottled water and cordials is commendable.
"As established investors in our country, I call upon you to be good ambassadors and tell other potential investors about the prevailing conducive business and investment climate and prospects in
As a listening leader,
"By doing so, the gains achieved so far under the
The company, which exports to neighbouring countries, is already earning
The President said the private sector, which is key to the national aspirations of becoming an upper-middle income economy by 2030 through the implementation of the National Development Strategy 1 (NDS1), should take advantage of the Africa Continental Free
"Let me take this opportunity to challenge the private sector to be more innovative and continue to adopt and adapt new technologies and marketing strategies to improve business competitiveness. All sectors of the economy must equally take advantage of
On his part, chairman of R J Corp Mr R Jaipurira, the company that owns Varun Beverages Zimbabwe, said the country is an investment destination of choice.
"With this new expansion, we will increase our export of beverages, preforms and plastic closures to
"We promise you that no external or internal factors will ever be able to derail us from the path of responsible environmental socio-economic business practices . . . All the above-mentioned achievements are not possible without your support. You are the true testament of how a great nation and its citizens perform," he said.
The President was accompanied by Defence and War Veterans Minister
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