Home / Knowledge / News / Textiles / Ghanaian govt to frame policy for textile sector revival
Ghanaian govt to frame policy for textile sector revival
28
Feb '13
Mr. Ablakwa (courtesy: GNA)
Mr. Ablakwa (courtesy: GNA)
The Ghanaian Government proposes to join hands with the textile industry stakeholders to devise a national policy for resuscitating the domestic textile industry, Samuel Okudjeto Ablakwa, Member of Parliament (MP) for North Tongu Constituency in the Volta Region has said.
 
Mr. Ablakwa said this during his visit to textile firms in the Constituency to learn about the administration and working of the firms and about the challenges faced by them and discuss the forward journey, Ghana News Agency reported.
 
He said the Government is determined to revive the textile industry by infusing capital in the sector with the help of private players, which would also ensure that companies, including Juapong-based Volta Star Textiles Limited (VSTL), can function at their optimum capacity and are also upgraded to match global standards.
 
VSTL Acting Technical Director Evans Agyagbo said financial constraints led Juapong Textiles Limited to shutdown in 2005, but the Government refurbished the firm in 2007 to enable it to restart its operations.
 
Drawing financial support from the Export Development and Investment Fund (EDIF), VSTL infused Ghc 300 million to revive its operations, Mr. Agyagbo said. The sum was used to purchase raw inputs to aid production of greybaft, and settle outstanding salary dues of workers, he added.
 
Presently, the company has been able to revive 25 percent of its production capacity, and expects to soon boost this to 75 percent, for which it has sought Government assistance, Mr. Agyagbo said.
 

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

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

Sanjukta Dutta
Sanjukta's Studio

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

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

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