Home / Knowledge / News / Textiles / Swaziland Cotton Board's failure to acquire land halts talks with IDC
Swaziland Cotton Board's failure to acquire land halts talks with IDC
15
Feb '11
Swaziland Cotton Board has suspended its talks with South Africa's Industrial Development Corporation (IDC) regarding acquisition of a thousand hectares plot for running a cotton ginnery in Swaziland.

The talks which were going on since last season have been discontinued, owing to the Swaziland Cotton Board's failure to acquire a plot with sufficient water supply. The talks would be resumed once again if the Board succeeds in securing the potential plot. Any further developments with regards to this project are subjected to acquisition of the thousand hectares of land with sufficient water supply.

The Board, while searching the land for acquisition was also pursuing the first stage of the Lower Usuthu Smallholder Irrigation Project (LUSIP) with six thousand hectares of land allocation. However, its efforts did not materialize as sugarcane was given the first priority.

But then, the Board is optimistic about getting the land under second phase of the project with intended land allocation of five thousand hectares.

Further to note that, while the Board was seeking a potential investor with technical expertise and financial strength to join it for running a cotton ginnery in the country, it joined forces with IDC.

Prior to this association with IDC, the Swaziland Cotton Board did have an associate but as it left the country, the Board was looking forward to convert the project into a commercial firm. If the Board's expectations from the cotton ginnery turn up completely, it would manufacture thousands of tons of cotton so as to sustain the project.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search