Home / Knowledge / News / Textiles / 'Textile package will be released soon' – Mr Udenwa, Minister
'Textile package will be released soon' – Mr Udenwa, Minister
Mar '09
Mr Achike Udenwa, Minister of Commerce and Industry
Mr Achike Udenwa, Minister of Commerce and Industry
The Minister of Commerce and Industry, Mr Achike Udenwa has amid mounting pressure, announced that, the N70 billion dollar textile revival package will be released to the genuine stake holders very soon to modernize their machinery.

The disbursal of the textile revival fund will be done by a designated bank and called on the government and the local people to reorganize their priorities to meet the economic crisis head-on as the tentacles of the slowdown were spreading with each passing day.

He had a note of warning when he said that, the future looks bleak for Nigeria as well as several African countries which are seeing their foreign exchange reserves dwindling, contributed to a large extent by the falling currencies and slow economic growth rates.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

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

Bani Batra

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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