Home / Knowledge / News / Textiles / Bangladesh, Greece discuss investment in cotton sector
Bangladesh, Greece discuss investment in cotton sector
14
Jun '14
Mr. Mohammad (L) and Mr. Tsaftaris
Mr. Mohammad (L) and Mr. Tsaftaris
Golam Mohammad, Ambassador of Bangladesh to Greece, met Greek Minister of Rural Development and Food Athanasios Tsaftaris in Athens and discussed investment in the cotton sector, according to a press release from the Greek Ministry of Rural Development and Food.
 
During the meeting, held last week, Mr. Mohammad and Mr. Tsaftaris discussed investment proposals on contractual farming, ginning and spinning of cotton in Greece, and subsequent export to Bangladesh.
 
It is estimated that the implementation of such investment proposals can create hundreds of new jobs and reopen cotton ginning and spinning plants, which remain inactive for years, in Greece.
 
Ambassador Mohammad mentioned that Bangladesh ranks second worldwide in production of garments, and it imports cotton in raw form for manufacturing fabrics that go into the production of apparel. He said Bangladesh imports cotton from several countries, with major suppliers being the US, India, Pakistan, Sudan and Uzbekistan.
 
On his part, Mr. Tsaftaris stressed on the excellent quality of Greek cotton, the support it enjoys from the EU and the uninterrupted continuation of cotton production in Greece. He added that Egypt and Turkey are the main importers of Greek cotton.
 
During the discussions it was agreed that Bangladesh will send a delegation of experts to Greece in order to increase cooperation and work on implementation of the proposed actions and investments.
 
Bangladesh business and Member of Parliament Kazi Zafarullah and Dimitris Melas, General Secretary for Rural Affairs and International Relations of the Greek Ministry of Rural Development and Food were also present at the meeting.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Smita Murarka
Amanté

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

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

Sonam & Paras Modi
SVA

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search