Home / Knowledge / News / Textiles / Portugal's ACIB to set up textile plant in Brazil's Bahia
Portugal's ACIB to set up textile plant in Brazil's Bahia
24
Oct '13
L-R: Mathias, Salles, John/Mundo Lusiada
L-R: Mathias, Salles, John/Mundo Lusiada
The Commercial and Industrial Association of Barcelos (ACIB), in the North of Portugal, has signed an agreement with the government of Brazilian state of Bahia, with the support of local investors to set up the Portuguese firm Polo Industrial Textiles’ manufacturing plant in the Brazilian region.
 
The agreement was signed by ACIB president John Albuquerque and Eduardo Salles, state secretary of Agriculture of the state government of Bahia, in the presence of Portuguese Government Secretary of Economy, Leonardo Mathias, reports Portuguese newspaper in Brazil Mundo Lusiada.
 
ACIB president John Albuquerque, said the textile plant, with the favorable conditions that the government of Bahia state grants, would be able to provide direct access of the Brazilian market to the Portuguese firm.
 
At the signing ceremony, Eduardo Salles, secretary of state of Bahia government reaffirmed that the regional government will ensure that Polo Industrial Textiles and the ACIB would have maximum support in terms of public credit and banking, to enable its viability in Bahia.
 
Leonardo Mathias, Portuguese secretary of Economy, welcomed the work of ACIB and ensured the support of Portuguese Government for aiding the firm in the investment, and would be providing all sorts of support for setting up the textile manufacturing plant in Bahia, including granting credit and tax exemptions.
 
Last month, the ACIB signed a memorandum of understanding (MoU) with the state of Bahia, to promote establishment of Bahia’s industries, including textiles, in North Portugal.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Mandeep Nagi
Shades of India

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

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
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