Home / Knowledge / News / Textiles / Swaziland Cotton Board aims to ease govt burden
Swaziland Cotton Board aims to ease govt burden
23
Jul '12
The Swaziland Cotton Board has said that it wants to relieve the Government from subsidizing it as the country’s cotton production increases.
 
The administrative department of the Cotton Board to a larger extent depends on the E one million subsidies that it each year gets from the Government. However, now there are good possibilities that once the Board gets over the issue of low production of cotton, Government can stop subsidising it, the Annual Report of the Board for year ending March 31, 2011 states.
 
The report states that great improvement was noticed in performance of Sikhulile Ginnery, whose overall revenues increased from previous year’s E 8.1 million to E 14.1 million during the review period.
 
This led to a rise in the Board’s earnings from ginneries to E 401,430, while its overall profits touched E 236,101, the report states. This increase was achieved through a rise in raw cotton intake, which increased from previous year’s 1,561 tons to 2,349 tons during the review period.
 
The report notes that backed by good harvest and reasonable price that cotton procured during the previous year, all regions of the country were quite interested in undertaking cotton cultivation even prior to commencement of the cultivation season, which persuaded the Board to undertake bulk procurement of planting seeds, which were provided to farmers.
 
According to the report, 3,010 farmers, who participated in cotton cultivation during the review season, received financial assistance for raw inputs from the Board’s total earmarked sum of E 4 million.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Nuno Venda
ROQ

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

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kevin Nelson
TissueGen

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch 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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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