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Industry Ministry plans to revive textile units
08
Aug '09
The Industry Ministry in Angola is in talks with several countries, mainly with Japan, to aid the revival of the projects of some industrial units that are linked with the textile industry, said the Angolan Deputy Minister, Mr. Kiala Gabriel.

Some concrete proposals are being negotiated by the Ministry with Japan which will be analyzed and approved by the government, he informed.

Keeping in mind the changing world economy, the government had initiated an Executive Recovery Program for the industrial sector for the period 2009-12 which is a document to revive the sectors, said the Minister.

He further added that recovery of at least three textile factories, such as, Africa textile and Satec in Benguela province and Textang II in Luanda will be possible through this program.

The government is also planning to build three factories in the period of 2009-12 to gin cotton in the provinces of Malange, Benguela and Kwanza Sul and one more in Benguela.

Fibre2fashion News Desk - India


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