Home / Knowledge / News / Textiles / Royal Textile Academy receives US$3 mn funds from Ferring
Royal Textile Academy receives US$3 mn funds from Ferring
31
Jul '09
Frederik Paulsen, Chairman of Ferring Pharmaceuticals, a pharmaceutical company with presence in all major European markets and in the US, announced a US$3 million donation to the Royal Textile Academy of Bhutan.

This money will be used to fund the creation and development of a new cultural centre in the Bhutanese capital of Thimphu.

Bhutan is globally renowned for the beauty of its textiles, designed and created along traditional lines by local Bhutanese weavers.The Academy will provide educational programmes, research and exhibitions aimed at both raising the international profile of Bhutanese textiles and improving the livelihood of the weavers who make them.

Speaking at the official presentation of the grant to the Royal Textile Academy, and in the presence of Her Majesty Ashi Sangay Choden Wangchuck, the Queen of Bhutan, Frederik Paulsen said:"It is the sincere hope of all of us at Ferring that this grant will go some way towards contributing to the future success of the Royal Textile Academy and the future prosperity of Bhutan. The Academy will act as a focal point for both education and a variety of cultural events. It will include a new, state-of-the-art museum, a textile weaving academy and a conservation centre. It is hoped that the Academy will become a destination for tourists as well as students from all over the world. Both marketing and technical assistance will be provided to the weavers of Bhutan."

Her Majesty Ashi Sangay Choden Wangchuck, in response to Frederik Paulsen, said: "I sincerely thank Dr. Paulsen and Ferring Pharmaceuticals for the great support they have shown to the Academy. This grant will not only benefit the people of Bhutan, especially our weavers, but will also enrich our cultural and economic development. Establishing the Royal Textile Academy is a dream that many of us in Bhutan share. I am confident that with continued support and guidance, we will succeed in creating a dynamic institution that will ensure that the textile arts of Bhutan continue to flourish into the next century."

Royal Textile Academy of Bhutan


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Urmil Arya

Sushila International, a well established textile organisation established ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

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...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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