Home / Knowledge / News / Textiles / African countries woo investors in Coimbatore
African countries woo investors in Coimbatore
30
Jul '16
Diplomats of seven African countries have invited Coimbatore's trading and industrial community to invest in their countries, in different sectors including textiles.

The diplomats were speaking at a meeting organised by the Confederation of Industry (CII) in Coimbatore on “Africa Seminar Series – the Land of Unexplored Potential”. Two of them particularly highlighted the textiles and apparel sector where Indian companies can invest in their countries.

Mali's ambassador, Niankoro Yeah Samake said Coimbatore is of special interest to his country because cotton is a major export product for the country and Coimbatore is a hub for textile industry. In February 2017, a trade mission from India will visit Mali to explore opportunities in different sectors including cotton in that country.

Minister Counsellor and Charge d' Affairs of the Ethiopian Embassy Molalign Asfaw, pointed out that Ethiopia has registered double digit growth for more than a decade and over 600 Indian companies have registered in the country. Of these, 250 have started operations. He said the country has 12 industrial parks and offers several tax incentives to investors and there are enough opportunities for textiles and apparel industries.

Diplomats from Uganda, Botswana, Tanzania, Zambia and Mauritius underlined the resources in their countries and sought investments in fields such as agro processing, leather, mining, road building, manufacturing etc. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search