Defence Deputy Minister Davies Mwila says government will lease the Zambia China Mulungushi Textiles in Kabwe if negotiations with the Chinese to re-open the plant fail.
Mr. Mwila says government is keen to have the Textile Company re-opened so that local people are employed.
He has told ZNBC news in an interview that government will consider leasing the Textile firm to any interested investor if the first option fails.
The deputy minister says government has engaged the Chinese Embassy in Lusaka to bring on board the majority shareholder before considering the second option.
Mr. Mwila has asked the people of Kabwe to remain patient as government works out modalities on re-opening the plant.
Zambia has 34 percent of shares in the Zambia China Mulungushi Textiles while the China is the majority shareholder.
The Zambia China Mulungushi Textiles closed in 2008.
Job creation has been top on the PF Government agenda since winning elections in 2011.