Reducing the cost of production, the local textile industry will grow gradually, thus increasing employment opportunities in the country, Ghanaian media reports said. By the end of three years, the local industry will be well-equipped to beat the competition from the international market.

The expected loss will be offset by the associated revenue from corporate profits, taxes from employees and other stakeholders in the supply chain of locally manufactured textiles. (RR)

Fibre2Fashion News Desk – India