Home / Knowledge / News / Apparel/Garments / Govt built ready-made sheds attract FDI in clothing sector
Govt built ready-made sheds attract FDI in clothing sector
15
Apr '10
Phiwayinkhosi Ginindza, Chief Executive Officer (CEO), Swaziland Investment Promotion Authority (SIPA), stated that ready-made factory buildings were built by the government in order to boost industrial growth by providing ready-to-be-occupied facilities.

The underlying intention behind providing factory sheds to the investors was certainly not to earn money, but to generate employment and draw more Foreign Direct Investment (FDI) in the country.

Swaziland Investment Promotion Authority (SIPA) manages those government owned factory sheds. Of all the government factory sheds in the country none is vacant, and textile and apparel companies have occupied most of them, who have set up manufacturing bases in the country.

Elucidating the same, Ginindza said that the government factory shells are available comparatively at cheaper rates than those charged by the private sector. He explained that such lower rates serve as motivation for increasing manufacturing activity in the country.

He also added that the country has benefited from the ready-made factory shed project has immensely helped the Swaziland economy.

As in comparison to the rates charged by the private sector, government factory sheds are available at cheaper rates to help Swaziland draw more investors from other countries, where their government provides relocation grants for shifting, which is not the case with Swaziland, Ginindza said.

In addition to this, he also divulged that, the economy has gained from the programme through employment generation, as it indirectly created jobs in associated sectors like water, electricity, laundry services, retailers, hawkers, financial, transport, etc.

For instance, the textile sector which to a larger extent contributes to the domestic manufacturing earned considerable foreign exchange for the economy.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X