Foreign firm injects more funds into Nigeria’s economy, creates employment
A foreign firm, Manipal International Printing Press Limited, MIPPL said, it has injected more foreign funds into the nation’s economy while boosting its employment opportunities.
Commissioning its multi-million naira flexo printing machine in Lagos State, over the weekend, the Managing Director of the firm, Pritam Choudhury, said the latest in technology is capable of producing large quantity of self-adhesive labels within the shortest possible time while generating more than 100 jobs for Nigerian workers.
He said, with this latest printing machine, the firm which started in Nigeria in 2014, with only two machines can now boost of four printing and finishing machines in the country.
He said: “though, Nigerian market has very huge potential, but its challenges are numerous; it ranges from high exchange rate to high cost of power, inconsistent government policies as well as numerous taxes and rates.”
Explaining that the company is largely operating in a very hash and unfavourable climate, Choudhury noted with dismay that Manipal is managing to sustain and continue to be in business.
While maintain that the latest machine would increase its output by over 150 percent, thus ensuring quality and timely delivery of products to its growing customer base, he reassured Nigerians that the company would abide by the economic principles of the country.
According to him, Manipal has grown with the times to embrace the latest in technology, and to offers clients quality and punctuality at costs that make business sense.
The company, he further said the company can print a large variety of products like self adhesive labels of different types, commercial, security & business forms, shrink sleeves, digital publications among other printing jobs.