Taiwan-owned textile mills cooperate with Lesotho National Development Corporation

Recently, Lesotho National Development Corporation (LNDC) signed an agreement with the Taiwan-funded FORMOSA textile mill. From this year, FORMOSA will provide 10 local young people with two years of training in textile industry skills. LNDC received an interview with executive officer Setipa that this cooperation is the first step toward sustainable and localized development of the textile industry in Lesotho. It will change the industry to be run by foreigners over the past 20 years. The passive situation of the labor force. It is hoped that after training, trainees will have sufficient skills to start their own businesses and create more job opportunities for the local people. Cypriot also praised FORMOSA for setting an example for other foreign companies in Laiwu.

A FORMOSA spokesperson stated that Taiwanese entrepreneurs also gradually learn skills from foreign investors and create their own businesses. It is believed that in the near future, the Basotho people can also be successful.