Home / Knowledge / News / Textiles / Biggest Chinese cotton agriculture project initiated in Malawi
Biggest Chinese cotton agriculture project initiated in Malawi
29
Jun '09
The largest agricultural project of China's investment in Africa--"China-Africa Malawi Cotton Corporation” was officially put into operation on June 25 in Baraka area, Malawi, a southern African country.

The total investment of the project will be US $19 million, aiming to promote the level of cotton processing in Malawi through development of seeds optimization, cotton ginning, oil squeezing and spinning.

"China-Africa Cotton Industry Development Co., Ltd." is responsible for the investment project in Malawi, which in turn has been formed and established with investment from four other companies.

In addition to Malawi, the company is also responsible for a cotton investment project in Mozambique, also in the African continent and the total investments of the two projects could reach $34.721 million.

According to Zhao Jianping, chairman of China-Africa Development Fund, the cotton project in Malawi is the first agricultural project in Africa invested by China-Africa Development Fund.

The first phase of the project will employ 1,000 local people, and purchase cotton directly from 50,000 cotton farmers in Malawi, which will push up their incomes. It is in line with a philosophy set by China-Africa development fund.

Malawi is an agricultural country and it is one of the least developed countries as announced by the United Nations, but its economy has maintained rapid development in recent years.


Fibre2fashion News Desk - China


Must ReadView All

GST Council allows ITC refund to fabrics

Textiles | On 23rd Jul 2018

GST Council allows ITC refund to fabrics

The Goods and Services Tax (GST) Council at its 28th meeting held...

GST slashed on Chenille fabrics, knitted cap to 5%

Textiles | On 23rd Jul 2018

GST slashed on Chenille fabrics, knitted cap to 5%

The Goods and Services Tax (GST) on Chenille fabrics and other...

Courtesy: Pixabay

Textiles | On 23rd Jul 2018

Pakistan's textile exports up 8.67% in 2017-18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Priyanka
Studio Priyanka Rajiv

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

Evelyne Cholet
UCMTF

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search