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Govt earmarks $250m for textile industry revival
24
Dec '09
The textile and clothing industry will avail $250 million from the government for its revival, announced the second deputy Prime Minister, Mr. Henry Kajura. Though the fund would address necessities only, it would focus more on improvement of business environment and strengthen textile and technology support institutions, he indicated.

The Ministry of Agriculture is promoting the growth of quality cotton through the Cotton Development Organization which will ensure the sustainability of raw materials, added Mr. Kajura, who introduced the national textile policy that seeks to create a competent and sustainable textile and clothing industry through value chains.

The policy also highlights the issues, including infrastructure, human resource development, technology and procurement, as well as the cost of doing business in the COMESA region. Such policy formulation would help transform Uganda textile sector to move from supplying raw materials to finished goods, stated Maj. Gen. Kahinda Otafire, the Tourism Trade and Industry Minister.

The policy will be implemented on the basis of an effective and efficient public-private partnership. Increase in production capacity and acreage would benefit cotton growers, who would be able to bargain for higher prices due to the presence of many textile industries, added Mr. Otafire.

Fibre2fashion News Desk - India


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