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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search