Home / Knowledge / News / Textiles / New textile factory to come up in Ghana with Chinese help
New textile factory to come up in Ghana with Chinese help
08
Nov '16
A new textile factory will be set up in Ghana's Savannah Accelerated Development Authority (SADA) zone at a cost of $300 million. SADA and the China National Textile and Apparel Council (CNTAC) have signed a MoU in this regard. For cultivation and processing of cotton, the main raw material for the factory, CNTAC had already purchased 5,000 acres of land.

The MoU was signed by ambassador Kwesi Quartey, secretary to the Ghana president and CNTAC vice-president Xu Yingxin, Ghanaian media reported.

Yingxin said that the agreement would not only be beneficial to both parties, but would also lead to the strengthening of relationship between the two countries.

Ghana government had established SADA to develop Savannah Ecological Zone. SADA was one of the flagship initiatives of the Ghana government aimed at fast-tracking the development of the northern, upper east and upper west regions of the Savannah Ecological Zone and the northern parts of the Brong Ahafo and Volta regions, said Quartey.

He added that SADA is an initiative to facilitate the development of the Savannah Ecological Zone which is deprived to bridge the development gap between the area and the southern sector of the country. (RR)

 

Fibre2Fashion News Desk – India


Must ReadView All

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Pak govt urged to restore associations' role in DDT claims

Apparel/Garments | On 19th Jul 2018

Pak govt urged to restore associations' role in DDT claims

Pakistani value-added textile industry recently urged the caretaker...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search