Home / Knowledge / News / Textiles / Li & Fung may invest in Kenya's Textile City
Li & Fung may invest in Kenya's Textile City
24
Jul '14
Li & Fung Limited, the world’s leading multinational consumer goods sourcing, logistics, and distribution group, is considering investment in the proposed Textile City which is to come up at the Export Processing Zone complex in Athi River, according to capitalfm.
 
Last month, officials of the China-based company visited Kenya to explore opportunities in the country’s textile sector.
 
During their visit, representatives of the Hong Kong-headquartered company met Ministry of Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed, who said that his Ministry is making every effort to revive the textile sector in Kenya.
 
According to Mr. Mohamed, apparel manufacturing can create jobs in the short term and help in addressing unemployment challenges faced by the country.
 
Li & Fung specializes in supply chain management of wide range of goods, including apparel, for leading retailers and brands worldwide, and by venturing into Kenya, the company would be able to further extend its reach in Africa.
 
By establishing an exclusive Textile City, the Government of Kenya aims to address the existing industrialization problems at the EPZ in Athi River town.
 
The Ministry of Industrialization and Enterprise Development, which is spearheading the setting up of the Textile City, is expecting investment from at least 100 textile firms at the City, resulting in creation of over 200,000 new job opportunities by December 2016.
 
The Textile City is part of the Kenyan Government’s recent National Industrialization Roadmap, which aims at increasing the country’s Gross Domestic Product (GDP) by Sh 350-520 billion per year over the next 16 years.
 
At the proposed Textile City, land would be leased to foreign companies for investing in cotton ginning, yarn spinning, production of fabrics and home textiles, and garment and apparel accessories manufacturing.
 
The Kenyan textile industry collapsed in the 1980s, mainly due to the increasing import of second-hand clothing, which led to loss of employment in the sector. Subsequently, cotton production also fell as farmers abandoned the crop.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

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

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Smita Murarka
Amanté

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

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...

Tony Ward
Tony Ward

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

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