Home / Knowledge / News / Textiles / India to lend $30 mn to Kenya to revive Rivatex
India to lend $30 mn to Kenya to revive Rivatex
13
Jul '16
India will lend Kenya $45 million to help develop the Rift Valley Textiles Factory (also called Rivatex) and other smaller industries. The announcement was made during Prime Minister Narendra Modi’s visit to the country as part of his recent four-nation Africa tour.

The deal highlights Kenya's desire to link up with countries that can help improve its struggling manufacturing sector. India and Kenya signed a total of seven agreements during Prime Minister Modi’s visit.

“I’m also particularly pleased that the Indian Exim bank has extended a facility of $30 million which will go towards the revival of the Rivatex textile factory,” President Uhuru Kenyatta said.

The Rift Valley Textiles Factory shut down in 2000 as mismanagement of the cotton sector led to the collapse of Kenyan production.

Rivatex is currently managed by Moi University which took over the firm in 2007 after it was placed under receivership. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Milind Khandwe
Hindoostan Innovation Centre

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

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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