Home / Knowledge / News / Textiles / UNIDO to partner in revival of textile industry
UNIDO to partner in revival of textile industry
04
Apr '09
The textile revival package has been in the making and several announcements to the effect had made in the recent past, but only a grave warning from United Nations Industrial Development Organisation (UNIDO) got the government moving.

The Minister of Commerce and Industry, Mr Achike Udenwa, had announced last week that the government will release the funds at the earliest. The Bank of Industry (BoI) is partnering UNIDO in channelizing the funds to the beneficiaries.

A few days earlier to the announcement by the Minister, UNIDO had warned of grave consequences to the economy if the revival fund was not released immediately and spoke about unemployment in large numbers.

The partnership of BoI and UNIDO will set the tone for the direction and steps to be taken for the revival of the textile sector and will focus on production of cotton, in particular, which is the main raw material for the industry in Nigeria.

Weak links in the whole textile value chain from cotton, yarn, fabric to clothing would be removed and the priority would be to increase productivity by technologically upgrading the textile machinery of the mills in the sector.


Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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