Home / Knowledge / News / Textiles / India evinces interest in reviving Kenyan textile mill
India evinces interest in reviving Kenyan textile mill
19
Aug '14
India has evinced interest in reviving and expanding operations of Rift Valley Textile Company Ltd (Rivatex) located in Eldoret town of Uasin Gishu County in Kenya.

If the Indian Government okays the proposal, the Export-Import Bank of India will provide funding totaling to Sh7.9 billion, for the planned expansion of the textile company, the Star reported.

India will sign a financing agreement with the Kenyan Government for expansion of Rivatex, once the former is convinced of the textile firm's revival.

The firm is currently owned and managed by Moi University, which acquired and revived it after it collapsed earlier.

Yogeshwar Varma, India's High Commissioner to Kenya, visited the factory recently to assess its operations before negotiations for the agreement are completed.

"We are looking at details of providing the soft loans for funding the Rivatex expansion project and plans for the project are in advanced stages," Verma said.

Varma said the Indian Government has already received a final report on the project and is now examining it for details.

However, Verma said, cotton shortage is a major hurdle and needs to be addressed under the plan to expand the factory's operations.

"We met the Rivatex team to look at how we can revive and expand the factory in a commercially viable manner," Varma said.

Under the expansion plan, new machinery will be installed to boost its production capacity and experts from India will assist in laying out a marketing strategy for Rivatex's products.

Earlier in April, fibre2fashion had reported that while on a visit to Rivatex, Kenyan Industrialization Cabinet Secretary Adan Mohammed had said the Government shall channel funds to the sector to build new textile factories and also expand existing ones.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

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...

Marcel Alberts
Eurofibers

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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