Home / Knowledge / News / Textiles / Chart out industrial policy to save textile sector – Experts
Chart out industrial policy to save textile sector – Experts
26
Aug '09
The progress of a country is fully dependent on the development of its industrial sector, but unfortunately, lopsided policies initiated by previous regimes in Nigeria have led to the downfall of industry in the country.

The textile sector, for instance is facing a lot of tribulations and textile units are closing down with amazing regularity. A country which hosted nearly 200 mills at one time is now down to just 20-25 mills, most of which are down on their crutches.

The much awaited N70 billion fund is like a mirage, on which numerous discussions have taken place, since it was announced a few years ago, but nothing concrete has been done for disbursal of the same.

Experts say that the most important factor which has led to so many mills closing down is that most of the mills have outdated machinery from the 1960's on which cost of production is high and quality dismal.

Due to this, products churned out by the mills are not able to compete against imports from Asian countries. On the other hand, smuggling of textiles and apparels is also rampant, which also leads to loss of revenue in form of taxes.

The current government and particularly, the Ministry of Industry has initiated a lot of efforts to change the shape and fortune of the industrial establishment in the country and set up a committee to draft a road map to improve the economy.

The Ministry has also engaged the Chinese government to stop the inflow of fake Chinese textile and apparel goods in to the country, which is gradually killing the domestic textile and apparel sector.

The Ministry has also embarked on a “Buy Nigerian Products” mission, which it expects will turn away the consumer away from the imported products and also compel the domestic manufacturers to improve quality of their products.

Industrial experts opine that till the government does not chart out an industrial or textile policy on the lines announced by the Pakistan Government, the remaining textile mills in the country may not be able to survive for long.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Tego

Apparel/Garments | On 18th Jul 2018

Tego plans to expand product range in 2018-19

Tego, a company that creates premium athletic gear for modern...

Courtesy: Pexels

Apparel/Garments | On 18th Jul 2018

US clothing retail sales up 4.6% in June 2018

Despite the US trade war with China and other countries, sales in...

Waltonchain COO Monitor Chan (left) with director of Kaltendin Product Centre, Zhang Zhengxiong. Courtesy: PRNewswire/Waltonchain

Apparel/Garments | On 18th Jul 2018

Kaltendin & Waltonchain launch WTC-Garment system

The leader in blockchain + IoT, Waltonchain, and China's high-end...

Interviews View All

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mohammad Hassan
Biax Fiberfilm

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

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


July 2018

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

news category


Related Categories:

Advanced Search