Home / Knowledge / News / Textiles / 'Textile sector imperative to development' – UNIDO chief
'Textile sector imperative to development' – UNIDO chief
29
Nov '08
Mr. Masayoshi Matsushita, Director of United Nations Industrial Development Organization (UNIDO has cautioned Nigeria by saying that if the textile sector is allowed to collapse, it could prove to be a stumbling block in the development and progress of the industrial sector as a whole.

This cautionary message was delivered by Mr Matsushita at a workshop organised by UNIDO and the United Nations Communication team in Kaduna city. Citing statistics he said that the textile sector was its peak a decade ago which indicates to decay in the industrial development in current times.

He had a note of warning when he said that the country will make little or no advance in its development if it fails to resuscitate the dying textile sector which provides employment on a large scale. Nigeria which had over 175 textile units in the 80's has just about 25 in operation now. Exports from the sector have dwindled from US $44 million five years ago to only $11 million now.

He said the root cause of this was rampant smuggling and imports of inferior and cheap quality textiles and garments on a large scale from outside the country and suggested that the government should pursue a screening mechanism to check these low quality imports. Despite the fact that Nigerian manufactured textiles are of the highest quality, these cheap quality imports are making their way in to the country, he added.

He revealed that UNIDO was working on ways to revive this very important sector and the recommendations would be passed on to the government for implementation. He had a point of note when he said that economic growth and stable political conditions were imperative to draw foreign direct investments in to the country and suggested to the government to chalk out incentive schemes and a developmental programme if it intends to grow its economy.

Fibre2fashion News Desk - India

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search