Recently, the Lesotho National Development Corporation (LNDC) signed an agreement with the Taiwan-funded FORMOSA textile factory. Starting this year, FORMOSA will provide two-year textile industry skills training to 10 local young people every year. LNDC executive officer Setipa said that this cooperation is the first step towards sustainable and localized development of Lesotho’s textile industry, which will change the industry that has been run by foreigners in the past 20 years and only provides low-end products locally. The passive situation of labor force. It is hoped that after training, trainees will acquire enough skills to start their own businesses and create more job opportunities for the local area. Serbia also praised FORMOSA for setting an example for other foreign-invested enterprises in Lesotho.
A FORMOSA spokesman said that Taiwanese entrepreneurs are gradually learning skills from foreign investors and then creating their own businesses. He believes that Basotho people will also be equally successful in the near future.
