Home / Knowledge / News / Apparel/Garments / New incentive program to revitalize clothing & textile sector
New incentive program to revitalize clothing & textile sector
21
Sep '10
With an objective to restructure South Africa's clothing and textiles sector, a new Clothing and Textile Competitiveness Program (CTCP) with a core funding mechanism, “The Production Incentive” (PI) has been launched recently, by the Trade and Industry Minister Mr. Rob Davies.

The CTCP and PI program along with five other core projects of the Clothing and Textile Customized Sector Program (CSP) depicts a fundamental change in strategic approach of the department of Trade and Industry towards sector's restructuring to endure its sustainability and competitiveness.

Helping industry to upgrade processes, products and people, and it's re-positioning to offer it effective competence both, domestically as well as globally, is the key objective behind such a launch.

The CTCP desk had received more than 80 applications totaling to R311.8 million, of which applications worth R36 million have been approved, informed Mr. Davies while addressing delegates during the launch.

He further said that the competitive challenges for the industry are growing and the local industry has to face and overcome many of the challenges, such as making adjustments and increasing competitiveness, if it has to sustain.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search