Home / Knowledge / News / Textiles / Ivory Coast plans special fund to boost cotton production
Ivory Coast plans special fund to boost cotton production
09
Jul '13
Mr. Alassane Ouattara/AIP
Mr. Alassane Ouattara/AIP
The Government of the West African nation of Ivory Coast, officially the Republic of Côte d'Ivoire, would create a special fund for development of the country’s cotton sector.
 
Ivory Coast President Alassane Ouattara said the special fund would increase cotton production in the country to 600,000 tons by 2016, from the present production of 350,000 tons per year, Ivoirian news agency AIP reported.
 
President Ouattara said the National Agricultural Investment Programme to be implemented by the Government would result in creation of thousands of jobs in the sector.
 
The programme provides for allocation of 10 percent of 2015 budget to the agricultural sector, mainly consisting of cotton, cashew and food products.
 
The President assured cotton growers that the Government is aware of the strategic importance of agriculture for the development of the Ivorian economy. 
 
He said resources would be mobilized and new policies would be implemented to develop the activities related to agricultural sector, including cotton production. 
 
Presently, a bill to clarify the status of farmer and rancher is being discussed in the National Assembly. The bill is aimed at enhancing trade.
 
The President promised that in the coming years the situation of farmers in the country would be completely transformed.
 
Prior to the 2002-03 civil war that divided the country into two parts, Ivory Coast used to produce about 400,000 tons of cotton annually. 
 
However, nearly a decade long crisis affected the country’s cotton production and in 2010-11, the country produced only 175,000 tons of cotton.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Nuno Venda
ROQ

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

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...

Johan Berlin
InvestKonsult Sweden AB

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
April 2017

April 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