Home / Knowledge / News / Textiles / Nigeria invites Austrian investment in cotton growing
Nigeria invites Austrian investment in cotton growing
13
Mar '12
Nigeria has invited Austria to invest in cotton cultivation in the country as well as to procure raw cotton from it.

On a visit to Austria's Vorarlberg Province, Ms Maria Laose, the Nigerian Ambassador to Austria, informed the Governor of Vorarlberg, Mr. Markus Wallner regarding several investment prospects in Nigeria, including the ones on the side of cotton cultivation.

Ms. Laose called upon the Austrian Government to explore the prospect of procuring raw cotton from Nigeria by investing in cotton cultivation there.

This, she said, would generate many new jobs for Nigerians, curtail illegal immigration and most importantly, revolutionize the one-sided lace trade, while promoting and strengthening the economic ties between the two economies.

The Austrian province of Voralberg is known for producing lace and embroidery materials, which are commonly used by Nigerians for embellishing their traditional and ceremonial outfits.

The envoy said Nigeria procures over €50 million of lace and embroidery materials from Austria each year.

Nigeria, recognized as Africa's biggest economy with vast market, has the potential to serve as a supply channel for Austrian lace to entire West African sub-continent, she added.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Eric Scholler
Groz-Beckert

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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...

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:
May 2017

May 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