The flour mill was leased to Dao Gia Group.
The Enugu State Government on Thursday formally leased out its Sunrise Flour Mill to a Vietnamese company, Dao Gia Group, for revitalisation.
Governor Sullivan Chime said the exercise was in line with his agenda to attract both foreign and local investors to the state and make it the fastest developing in the country.
The governor, who was represented by the Secretary to the State Government, Amechi Okolo, noted that the hand-over was part of efforts to resuscitate ailing industries to create jobs for the youth in the state.
“I am highly delighted to be here today which is the handing over of Sunrise Flour Mills by the Enugu State Government to Dao Gia VTV Nig. Ltd., a Vietnamese company, following the already signed memorandum of understanding on March 14, 2013.
“The initiative to bring about the rapid and even spread development of our commercial and economic potentials is a cardinal part of this administration.
“We had hoped to accomplish this by partnering with both local and foreign investors to not only establish new businesses but to revive already existing ailing industries with a view to creating employment for our people especially the youths and also providing essential goods and services,” he said.
Addressing attendees at the event, the Chief Executive Officer of Dao Gia Group, Dao Quang Phu, promised to commence the revitialisation of the company at the shortest possible time.
Mr. Dao said the company would employ local manpower to work in the industry after its revitalisation.
“We are very happy to be here in Enugu State to receive the handover of Sunrise for revitalisation and operation.
“On this special occasion, the Dao Gia Group will like to commit ourselves to the revitalisation of the plan to get it in operation at the fastest day possible and we would commit ourselves also to utilise the various local manpower,” he said.
Also speaking, the Commissioner for Commerce and Industry, Jude Akubilo, said the lease would last for 35 years.
He said the government would continue to create enabling environment for investments to thrive in the state.
Dao Gia Group is to finance the revitilisation and operate the company for 35 years before handing it back to the state government.