Home / Knowledge / News / Textiles / Ghanaian cotton sector revival plan gains support
Ghanaian cotton sector revival plan gains support
06
Mar '12
Inking of a business deal by three firms to perk up cotton cultivation, has come as a fortification to the Ghanaian Government's assurance for revival of the domestic cotton industry.

Pursuant to the deal, the three firms, Wienco Ghana Limited (Wienco), Volta Star Textiles Limited (VSTL) and Textyles Ghana Limited (TSG), have assured cotton farmers of dividend on their labour and investment.

The firms are seen to upgrade value propositions of domestic inputs and boost the productivity of textile industry.

Under the agreement, TSG is expected to procure one million domestically produced cotton lint, which would then be processed by VSTL into six million yards of grey fabric.

Meanwhile, Wienco has undertaken to grow the area under cotton cultivation by two-fold to raise enough cotton to cater to domestic textile industry. Last year, the firm was allotted a zone in the Upper East Region, with which it supported around 7,000 farmers both in technical as well as financial terms.

Addressing a press meet organized by the Ministry of Trade and Industry in Accra, Mr Daniel Van Wassenhove, Technical Director of TSG said he is positive that the collaboration would prove helpful in revitalizing and sustaining the local textile industry.

VSTL Acting Technical Director, Mr Evans Agyagbo said following the deal, VSTL would see its plant capacity utilisation going up from present 10 percent to 30 percent this year.

Wienco Chief Executive Officer Mr Daniel Ruegg said the time has ripened for introducing a new momentum in Ghanaian textile industry, right from cotton production to sale of domestically made textiles.

Minister of Trade and Industry Ms Hanna Tetteh expressed optimism that revitalization and sustenance of cotton industry would help Ghana to soon develop into a net exporter of cotton.

She also urged the media to intensify awareness generation regarding the consequences that smuggling and pirating of textile goods have on the country's economy.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

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

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:
July 2017

July 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