Home / Knowledge / News / Textiles / Stop illegal imports of textiles – Textile trade body
Stop illegal imports of textiles – Textile trade body
30
Jun '09
Huge imports of textiles has taken its toll on the Nigerian textile industry, blamed the Nigerian Textiles Manufacturers' Association (NTMA), which called for government intervention to stop this.

Local consumers are patronizing more of imported textiles, which is a disadvantage for the local textile manufacturers, said the Director General of NTMA, Jaiyeola Olarenwaju. Smuggling of foreign textiles into the country is also affecting the domestic textile industry, he added.

Poor funding is also one of the reasons affecting the industry, as the government's assurance to revitalize the industry has still not materialized, revealed Mr. Olarenwaju. In addition to this, the stakeholders have yet not received the N70 billion rehabilitation fund that had been announced by the federal government.

High rate of interests charged by the banks worsen the situation in the industry, said the Director General. The industry is still waiting for government's assistance for refurbishing the machinery and to improve the working capital as well, he added.

At present, less than 25 industries are functioning in the country, said the Director General.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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