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First spinning factory opened in Afghanistan

in Afghan Business

First spinning factory opened in Afghanistan

spinningAfghanistan’s first spinning factory has been inaugurated with an initial capital of USD 1.5mn.

The opening ceremony was attended by officials from the government and the Afghanistan Investment Support Agency (AISA).

“We were based in Peshawar, Pakistan before, but now we have shifted our machines to Afghanistan and want to start our factory here,” said the factory’s owner.

According to the factory’s officials, the factory will generate job opportunities to 50 individuals directly and to thousand more individuals indirectly.

The factory is currently operating in a rented building.

Head of AISA, Wafiullah Ikhtiyar, promised to provide land to the factory in the near future when a new industrial park is going to be established in Maidan Wardak.



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