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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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


June 2018

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

news category


Related Categories:

Advanced Search