Home / Knowledge / News / Textiles / Japan grants $11mn to revive sea-island cotton in Jamaica
Japan grants $11mn to revive sea-island cotton in Jamaica
19
Feb '14
L-R: Clarke, Takes & Evans/Jamaica Observer
L-R: Clarke, Takes & Evans/Jamaica Observer
The Government of Japan has granted US$ 11 million for revival of the West Indian sea-island cotton industry in Jamaica, reports Jamaica Observer.
 
Yasuo Takes, Japanese Ambassador to Jamaica, and Vitus Evans, chief executive officer of the Jamaica Agricultural Development Foundation (JADF) signed the agreement in Kingston, in presence of Jamaica’s Minister of Agriculture and Fisheries Roger Clarke.
 
Speaking at the signing ceremony, Mr. Clarke praised the JADF for spearheading the development of the sea-island cotton industry in the island.
 
He said the sea-island cotton is one of the crops that give a distinct competitive edge to the West Indian region. He added that efforts to grow the sea-island cotton at other places in the world have not yielded the kind of quality that is grown in the region.
 
Citing the advantages of growing sea-island cotton in Jamaica, the Minister said it hardly has any competition from other countries, and there are no known incidents of theft from the fields.
 
Describing the quality of sea-island cotton, Mr. Clarke said it does not spoil, and it fetches a high price, especially when the primary product is value-added. He estimated the return on investment in sea-island cotton at over 30 percent.
 
According to the Minister, the sea-island cotton industry has potential to create 15,000 new employment opportunities and earn nearly $1 billion in foreign exchange for Jamaica.
 
Sea-island cotton is a variety of extra-long staple cotton that is grown on a few islands in the West Indies, including Jamaica.
 
According to the JADF, Japan is the main market for the sea-island cotton, which commands a premium price as the world’s highest quality cotton.
 

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

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

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra
Huemn

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

Robert Brunner
Devereux

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

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
January 2017

January 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