Sep '11
Mr. Ginindza said that the industry has been recognized by the potential markets since long and there are many players who are benefiting from the same, but these players were not Swazis.
Addressing a business forum, the SIPA official said it is imperative for the Swazis to cash-in on the textile industry and added that the country's markets are meant to benefit locals, but in this case, outsiders are benefiting from the same.
He said that cotton is one commodity from which the country can make more money, but the industry underwent hard times in the past.
However, as the cotton prices have escalated now, and there is some optimism, he advised that the country may look forward to boost cotton production as the crop does not need much water to subsist.
The official informed the attendants that SIPA, besides extending foreign direct investment (FDI) assistance, also has a department for domestic investments which engages in extending assistance to locals in the form of business suggestions, referrals and counselling.
Besides, SIPA also disseminates information on opportunities for business and facilitates access to domestic as well as global markets, he said.
The department also helps small and medium enterprises (SMEs) fine tune with concerned stakeholders who were advancing the entrepreneurial sector and introduce and connect potential SMEs to financiers, he added.
Fibre2fashion News Desk - India
Must ReadView All
Textiles | On 20th Oct 2017
Turkish group Taypa to build textile factory in Serbia
Turkish textile group Taypa will invest euro 35 million ($41.2...
Textiles | On 20th Oct 2017
China’s textile & apparel exports rise 4.3% in Sept ’17
Registering an increase of 4.3 per cent year-on-year, the exports of...
Textiles | On 20th Oct 2017
Heimtextil to focus on textile solutions for architects
Heimtextil 2018, world's leading trade fair for home and contract...
Interviews View All
Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd
Productivity, creativity and innovation play a vital role in the growth of ...
Akash Khetan
Narayan Tex Fab
I find it hard to find professionals in Surat
Smita Murarka
Amanté
‘There is huge demand in the Indian lingerie market for non-wired styles.’
Kusumgar Corporates is a leading manufacturer of technical textiles and...
Reckon Industries adapts latest systems for manufacturing from designing...
Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...
Kerem Durdag
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Marcel Alberts
Eurofibers
Coating at a fibre level is a practice not usually seen in the...
Marten Alkhagen
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Mike Hoffman
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Prathyusha Garimella
Prathyusha Garimella
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
Recommended
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 68
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 68
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 68
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 68
E-News Insight
Latest News Update in Your Mail Box.
