Home / Knowledge / News / Textiles / Foreign investors give textile sector go-bye
Foreign investors give textile sector go-bye
Nov '10
Clothing and textiles industry players in Zimbabwe have raised concern that no attempts are being made to draw international investors to invest in the sector.

They expressed their concern at a trade and investment seminar recently held in Bulawayo. A group of 50 business persons from South Africa also participated in this seminar.

Not a single businessman showed any interest in investing in the clothing and textile sector, as all of them wanted to examine the investment prospects with several other sectors like in mining, tourism, pharmaceuticals, manufacturing, infrastructural development and agriculture.

Textile industry players said that, the industry has not been promoted in a proper fashion so as to lure foreign investors, which has lead to a situation where most of the businesses in the industry were facing severe problems like dearth of raw material and such other issues.

It is really unjust that, none of the investors who attended the seminar belonged to the clothing and textile sector.

The clothing and textile industry of the country even needs to get hold of overseas investors to associate with. But then despite of Bulawayo being greatly engaged in clothing and textile trade, none of the investors showed any willingness to collaborate with the industry.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Interviews View All

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marcel Alberts

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

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

Judy Frater
Somaiya Kala Vidya

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
July 2017

July 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