Home / Knowledge / News / Textiles / Vlisco Group & FG sign MoU to expand Nigerian CTG sector
Vlisco Group & FG sign MoU to expand Nigerian CTG sector
28
Jan '15
Dutch textile and design company, Vlisco Group, has signed a Memorandum of Understanding (MoU) with the Federal Government of Nigeria, to invest in the Cotton, Textiles, and Garment (CTG) sector of Nigeria, Vanguard reported.

The MoU detailed wide-ranging collaboration and support from the Government of Nigeria. Vlisco Group intends to offer Nigeria’s 188 million consumers it’s four brands (Woodin, Vlisco, Uniwax and GTP). The Group is also expected to participate across the sector value chain from sourcing of cotton, textile printing, wholesale, retail and ecommerce distribution, garment manufacturing and supporting and promoting Nigerian fashion designers.

Hans Ouwendijk, CEO of Vlisco Group said the new policy enables the Vlisco Group to invest in Nigeria and to contribute to the building of a vibrant CTG sector. Nigeria is Africa’s largest consumer market and the opportunity to fully deploy Vlisco’s brands and business models in Nigeria provides a major boost to our growth ambition, he added.

He said that the MoU is expected to yield benefits for the Nigerian economy in terms of economic diversification and job creation in line with the Government’s Industrial Revolution strategy. Vlisco Group’s activities are expected to generate more than 10,000 jobs in Nigeria in the medium term.

Minister of Industry, Trade and Investment, of Nigeria, Olusegun Aganga said the Government of Nigeria is determined to rebuild the CTG sector with its job creation impact across the entire value chain from cotton fields to fashion.

In December 2014, the Government of Nigeria unveiled a new National CTG Policy aimed at revitalising and boosting the development and growth of the country’s cotton, textile and garment industry.

As per the CTG policy, raw cotton production in Nigeria is expected to be increased from 200,000 tonnes in 2003 to 500,000 tonnes by the end of 2015.

The new policy necessitates that all military and para-military institutions and government-owned institutions purchase only made-in-Nigeria fabrics in order to boost local patronage and support the growth of the value chain across the entire CTG industry. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

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

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:
June 2017

June 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