The Prime Minister Dr Ruhakana Rugunda has lauded Madhvani group for their enormous contribution to the fulfilment of government policy of job creation, industrialization and export promotion.
Rugunda also saluted the founders of Kakira Sugar Ltd for the foresight and vision they had 90 years ago.
The Premier made the remarks while visiting Kakira Sugar works, the flagship of the Madhvani group in Kakira, Jinja District on Friday.
Rugunda assured the management of the factory that the NRM Government was committed to promoting industrialization in the country.
The Premier, was taken on a guided tour of the factory by the Group Managing Director, Mayur Madhvani.
Kakira Sugar works, the largest producer of sugar in the region also generates 52 megawatts of electricity.
18 Megawatts are used to run the mills and other factory infrastructure, while 34 megawatts are sold to the national grid.
The Madhvani group is also completing the construction of US Dollars 35 million ethanol distillery in Kakira.
The Ethanol plant is expected to produce 20 million litres annually. Globally ethanol is used as a fuel additive to petrol.
Mayur Madhvani asked Government to urgently address the threats facing the sugar industry by enacting an effective law on sugar to regulate the sugar industry. He also called for the enactment of a law on bio-fuels.
Madhvani emphasized the need to locate new sugar factories in their own zones to allow the expansion of the old factories, adding that congestion of sugar factories has led to sugar production losses, loss of revenue and increased food insecurity in the region.
Dr Rugunda assured Madhvani that government will address the challenges affecting the sugar industry in the country.