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Mauritius firms to invest in Zimbabwean textile sector
13
Nov '14
Three Mauritius textile companies have signed contracts with three partner companies in Zimbabwe to invest US$ 2.4 million in Zimbabwean textile and clothing sector, at the recently concluded Mauritius-Zimbabwe buyers and sellers meeting organized by Enterprise Mauritius in Zimbabwe, NewsDay reported.

Speaking at the meeting, Enterprise Mauritius chairperson Amedee Darga said one contract signed between the Mauritius and Zimbabwean companies was for $500,000, while the other two were for $1.2 million and $750,000.

In the past, annual Mauritian exports to Zimbabwe used to be very high, reaching up to US$ 8 million at one point, while Zimbabwean exports to Mauritius were also equally higher, Darga said.

According to Darga, Mauritian exports in 2013 came down to only $750,000 and they stood at $270,000 in the first quarter of 2014.

The chief executive officer of ZimTrade, Zimbabwe’s national trade development and promotional organization, Sithembile Pilime, said Zimbabwe launched the Cotton to Clothing Strategy in September 2014 to restore capacity utilisation at textile and clothing firms.

The strategy seeks, among other interventions, to enhance value addition through implementation of initiatives that are targeted towards improving Zimbabwe’s ginning capacity in spinning, weaving as well as in finished garments and home textiles, she said.

She said trade practitioners in Zimbabwe need to look at sectors they are strong at, as well as look at what it is that Mauritius is importing from other parts of the world, which Zimbabwe can supply. There may be a need, in some cases, to improve the packaging and labelling as that is a key selling point. (GK)

Fibre2fashion News Desk - India


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