The Indian Government has invested Ksh 2.9 billion into the Rivatex company which will be used to revive the textile factory and have it back on
The Indian High Commissioner to Kenya Rahul Chabra said that the funds injected is meant to modernize the Eldoret based firm.
The firm will also benefit from a separate Sh 10 billion loan facility given by India to finance agricultural mechanization in Kenya.
In 2018, the firm also said it had received new machines from India which was also to be used for the installation the modernisation process.
Rivatex Managing Director Prof Thomas Kipkurgat said the new machines would increase the daily production to 40,000 metres from the initial 5,000 metres.
The once vibrant firm, which was opened in 1975 collapsed in 1990 and was finally placed under receivership, a fall down which was largely blamed on mismanagement.
The revival of the textile firm is also set to encourage cotton growing in
Baringo and Kericho,Elgeyo Marakwet and West Pokot counties.