Home / Knowledge / News / Textiles / Government announces textile rescue package
Government announces textile rescue package
Oct '10
As revealed by an official statement, the Ministry of Trade and Industry has declared a revival package for textile sector, which would benefit 44 textile firms including, 11 large scale, seven medium scale and 25 small scale firms and one micro company.

Gaborone and Francistown region turned out to be the most successful claimant of this revival package with 19 companies getting the aid, while Molepolole, Selebi-Phikwe, Tutume, Bobonong and 10 other villages followed the sequence.

The pace at which the companies are being brought within the coverage of the assistance has remained to be slow. However, the Ministry is optimistic that, the assistance would be extended to a number of other companies in different cities, towns and villages of the country.

As per Central Statistics Office (CSO) figures, textiles constituted to be Botswana's main non-mineral export prior to the economic slump and stood at P2.7 billion in 2007, before it dropped to P1.8 billion in 2008 and further to P1.4 billion in 2009.

Further, though the official data depicts that the textile exports are far below the ones recorded prior to the economic slump, the Trade Ministry is optimistic that its revival package would help the industry to recuperate and to post higher results next year and ahead.

The Bank of Botswana (BoB) data reveals that, the total exports of the textile firms as on June 30, 2010 came to P300 million, which is far below exports of P869.8 million recorded during corresponding period in 2008.

Though these figures have been derived by relying on factors like prices and the Pula/US$ exchange rate, but then the analysts do accept that the 2008 market crash have had greatest influence on the exports.

The sector, prior to 2009 employed over 6,000 workers, but post recession its labour strength has seen a sharp fall of 80 percent. However, the CSO statistics reveal that, prior to the economic slump, the textile industry together with textile yarn manufacturing, synthetic material, clothing and other outfits, stood amongst the most rapidly growing industries in terms of employment generation.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

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

Sonam & Paras Modi

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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