Home / Knowledge / News / Textiles / New Wide Group to invest in Kenyan cotton farming
New Wide Group to invest in Kenyan cotton farming
03
Jan '12
New Wide Group, which operates three garment manufacturing companies in the Athi River Export Processing Zone (EPZ), has announced that it would invest KES 500 million (US$ 7 million) in 2012 to support cotton farming in Kenya.

In addition, New Wide Garments, the Kenyan subsidiary, would also be setting up a cotton ginning unit in Kisumu town to strengthen the ongoing efforts of the Government to revive the country's cotton industry.

The company, which is the leading producer of Adidas garments in Africa, also intends to undertake research in association with Kenya Agricultural Research Institute (KARI) to find cotton seed varieties that will be more appropriate to Kenyan climatic conditions.

The research is aimed at transferring technology to cotton cultivators and to generate more employment opportunities for Kenyan citizens.

In recent past, cotton production has declined, particularly in the Rift valley, leading to delayed shipments. This has caused the EPZ companies to endure a loss of about KES 90 million in 2011.

Through its efforts, New Wide intends to increase acreage under cotton cultivation in Kenya, which would in turn, result in creation of jobs and enhancing the financial performance of garment companies.

The closure of cotton cooperative societies, low returns on cotton production compared to other crops, low quantity of production, use of old technology, lack of credit availability to cotton growers, high prevalence of diseases and pests which increases the cost of production are among the reasons that are contributing to decline in Kenya's cotton production.

In order to revitalize the country's cotton industry, the Government has passed the Cotton Amendment Bill 2006, which led to the establishment of the Cotton Development Authority (CODA). The Ministry of Agriculture is also encouraging farmers to invest in the production of cotton crop.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search