Home / Knowledge / News / Textiles / Islamic Development Bank to help Mozambique cotton sector
Islamic Development Bank to help Mozambique cotton sector
May '14
The Islamic Development Bank (IDB) is going to support Mozambique’s cotton sector in its effort to transform from being an exporter of raw cotton to processor of cotton. This was revealed at the recently held Investor Conference on Cotton and Textiles in Maputo, reports Notícias.
Data indicates that Mozambique currently produces an average of 100,000 tons of cotton per year, most of which is exported in the raw form to the international market.
Speaking at the conference, IDB’s representative M. Ali Khan said the conference is a signal to the IDB that Mozambique is engaged in the development of the cotton sector.
Mr. Khan said the IDB believes that cotton is an important product for Mozambique’s economy, mainly because it provides occupation to a good number of people.
At present, about 250,000 families are involved in cotton cultivation in Mozambique, and it has created over 15,000 jobs along its value chain through 14 companies. Cotton is also the third largest foreign exchange earner for Mozambique among agricultural products, and the seventh largest overall.
Hence, capacity building by enabling the country’s cotton sector to improve its production chain would result in creation of more jobs in Mozambique.
The conference was organized at a time when Mozambique Government is implementing the Textile and Clothing Strategy aimed at revitalizing and adding value to cotton and textile products and thereby generate viable returns to investors, while creating new employment opportunities.
Cotton production in Mozambique grew from 41,000 tons in 2009-10 to 65,000 in 2010-11 and reached 184,141 tons in 2011-12. However, the production fell to 67,392 tons in 2012-13, against the target of 100,000 tons. In 2013-14, the production of raw cotton is expected to increase by nearly 65 percent to 110,000 tons.
Meanwhile, a new factory to manufacture woolen blankets and clothing items is set to be constructed in Chimoio, the capital of Manica province and the fifth-largest city in Mozambique. The factory is likely to become operational by the middle of 2015.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Textile industry, India

The event should be organised every year

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search