Home / Knowledge / News / Textiles / Japan's Nitori set to invest in Tanzania's cotton farming
Japan's Nitori set to invest in Tanzania's cotton farming
16
Dec '13
Japan-based Nitori Holdings Company is set to invest US$ 550 million in Tanzania’s cotton farming and related industries, Daily News Tanzania reported.
 
The Japanese company has secured 40,000 hectares of land for commercial cotton farming in Handeni District, where the company will also set up a processing plant in addition to growing cotton, according to Gabriel Mwalo, acting director general of Tanzania Cotton Board (TCB).
 
Speaking at a TCB forum, Mr. Mwalo termed the acquisition of land by the Japanese firm as a breakthrough in the country’s cotton industry, as it will lead to Tanzania’s first large-scale cotton farm.
 
Nitori would also introduce out-grower scheme in the nearby villages, to get extra needed cotton for sustaining its input demand. The company would also construct textile factories within the area, so as to transform cotton into final products for its chain of stores.
 
He said the investment by the Japanese company would help in stabilization of local cotton prices and thus remove the dependency on international market prices.
 
Nitori Holdings had first announced its plans to invest in agricultural production and manufacturing in Tanzania, during the visit of President Kikwete to Japan earlier this year.
 
Nitori plans to increase its store count by ten-fold over the next two decades, with focus on Africa, in general, and Tanzania, in particular.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Nuno Venda
ROQ

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

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Eamonn Tighe
Nature Works LLC

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

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...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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
February 2017

February 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