Home / Knowledge / News / Textiles / Angola's Kwanza Sul province starts cotton production
Angola's Kwanza Sul province starts cotton production
31
Jan '13
A deal entered into between Hanil Angola Engineering and the Angolan National Private Investment Agency (ANIP) has paved the way for starting cotton production in Kwanza Sul province of Angola, Angolan news agency Angop reported, according to macauhub.
 
Hanil Angloa Engineering is a subsidiary of South Korean Hanil Engineering & Construction group. It has signed the 110 million kwanzas or US$ 1.14 million deal with ANIP for maintenance and assembling of irrigation equipments.
 
The recent investment follows other investments made earlier to firm up the project after first harvest in 2012. The first harvest was shipped to Germany as there are no textile factories are operational in Angola at present.
 
The US$ 31.4 million loan extended by the Export Import Bank of South Korea (Exim Bank) seven years back to facilitate an irrigation project in Angola would be paid off over a 30-year period with a grace period of 10 years.
 
According to Angola’s Agriculture Minister, the sum granted was used to develop irrigation systems for an area of 5,000 hectares in Kwanza Sul province and to extend technical support to cotton growers in the region.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Vasanth Kumar
Max Fashion India

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

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search