Home / Knowledge / News / Textiles / EDIAF to help revive Volta Star Textiles
EDIAF to help revive Volta Star Textiles
04
Feb '16
Government of Ghana has secured money from the export trade agricultural and industrial development fund (EDAIF) to resuscitate the distressed Volta Star Textiles Limited, while it searches for investors, Ghana news agency reported.

Minister of trade and industries, Dr Ekwow Spio Garbrah, stated this during the third day of his working visit to the Volta region, where he met management and workers of the company.

Volta Star Textiles, mainly makes grey baft for Ghana Textile Printing (GTP) company as an off-taker. Workers of the factory, have been on indefinite strike over non-payment of their salaries for 10 months.

'Let me on behalf of government, the sole shareholder, and the people of Ghana apologise for the inconveniences to you, workers,' the Minister told the agitated workers. The EDAIF grant would clear all backlogs and pay salaries to put the factory back into production soon, he added.

The Minister previously said comprehensive efficiency tests, including worker-machine ratio and other productivity assessments, would be carried out in the factory during his meeting with management and staff of the company.

The minister further expressed regret that reports from management did not appear to have conveyed the real situation on the ground to his office and he expressed hope that the search for investors would yield results soon, to put the factory back to business. (NA)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Teijin

Textiles | On 5th Dec 2016

Teijin merges two businesses into one division

Japanese manufacturer of speciality fibres Teijin Limited is merging...

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Larry L Kinn
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

<p>Nayaab, an exhibition meant to celebrate Indian weaves, is in its...

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
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