The leaders of the Indian company, Cameroon Automotive Industry (CAIC) have announced on Thursday that the first vehicles made in Cameroon should be in circulation next year. Roger Ndjakam, the local representative of the Indian company said the foundation stone will be laid on June 2016. The Cameroon government, through the Mission Planning and Industrial Zones Management has made available to the Indian company, a field of 15 hectares with right to extend as the project develops.
The government has also allocated 1.5 billion FCFA to develop part of the site for the company to start work. Cameroon Concord gathered a process for the recruitment of 20 senior engineers and technicians who will be trained and serve as trainers during the project has began. During the meeting on Thursday, the Minister of Industry, Mines and Technological Development, also completed the installation of the steering and monitoring committee of the Indian project to build two car plants in Douala ( Littoral) and later in Kribi (south), where 18 hectares of land have already been identified at the industrial port complex. Government sources say it is an investment worth 92 billion FCFA which should create 4,000 jobs.
It is vital to include in this report that all foreign investments coming into the country are centered only in the Francophone zone. Dangote Cement that was original earmarked for Tombel in the South West region, was politically moved to Douala.