The Cottonforlife Initiative is an innovative partnership between the parties to support sustainable development in Egypt.

Leveraging on Alexabank's and Filmar's aim to promote the growth and relevance of their Corporate Social Responsibility portfolios, a 5-year partnership agreement will be signed on 16th December in the framework of the Cottonforlife Initiative, the release said.

Alexabank joins private sector and government's initiatives as one of the main partners contributing in helping the textile industry requiring skilled labour, technologically advanced machinery and production lines to make Egyptian high quality cotton one of the main competitors in the international market.

The Cottonforlife Initiative supports the whole value-chain of organic cotton cultivation and processing through revitalising the extra-long staple cotton production. (HO)

Fibre2fashion News Desk - India