Home / Knowledge / News / Textiles / Textile union derides Govt for neglecting industrial sector
Textile union derides Govt for neglecting industrial sector
08
Aug '09
The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has urged the government to work towards the promise of reviving the industrial sector to help in the economic development of the country.

It said that since the present government has taken over, the number of industrial closures is on the rise and also leading to mass unemployment prospects amongst the youth of the country, which is a very dangerous trend.

The Secretary General of NUTGTWN, Mr Aremu said that smuggling of goods is rampant in the country and have now dislodged the industrial sector by taking away the productive space.

He said that the textile revival fund had been announced more than five years back and apart from raising the quantum of the fund from N70 billion to N100 billion, nothing concrete has been achieved towards disbursal.

Meanwhile, he added by saying, the closure of a number of textile units was on the rise and the more the delay in releasing the fund, the more difficult it would become to revitalise the textile and industrial sector.

A textile consultant has said that the textile industry would need US $1.4 billion to revive the sector and if these investments were to come through, the sector would be able to seize back 40 percent of the market share.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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

news category


Related Categories:
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