Home / Knowledge / News / Textiles / Carpet sector reiterates commitment to economy
Carpet sector reiterates commitment to economy
11
Nov '09
The carpet industry in Nigeria has reiterated its commitment towards the expansion and development of the textile sector and in turn the economy of the country, by making fresh investments in the sector.

According to the President of the Nigerian Association of Carpet Manufacturers, Mr Mohit Manglani who is also the owner of JayKay Carpet Industries, “The manufacturers strongly believe in the strength of the Nigerian economy and the important role carpet manufacturers play in the global economy”.

He also said that “We are active participants in the Nigerian economy over the last few years and our members have put in very large investments to upgrade our technology and our facilities to give high quality products to the consumers”.

He added by saying that in the last two years, local carpet manufacturers have totally invested N5 billion to acquire latest machinery and technology, which was invested, despite the many challenges the carpet sector was facing in the country.

He lamented the fact that, energy remained a big problem and more so is the cost of funds which has resulted in high operational costs and despite the government ban on imported carpets, the country was flooded with carpets of poor and sub-standard quality.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Karan Arora
Karan Arora

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X