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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Prathyusha Garimella
Prathyusha Garimella

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X