Home / Knowledge / News / Textiles / 'Textile package will be released soon' – Mr Udenwa, Minister
'Textile package will be released soon' – Mr Udenwa, Minister
26
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

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search