Home / Knowledge / News / Textiles / Agri bank to provide credit to boost cotton output
Agri bank to provide credit to boost cotton output
01
Mar '11
Alhaji Ibrahim Adam, Board Chairman of the Agricultural Development Bank recently made an announcement that, the bank is to start a new branch at Tumu in the Upper West region of the country, in order to aid the cotton cultivators and the Ministry of Food and Agricultural Programmes.

He made this announcement while addressing a farmer's meeting held in Tumu on February 26. The meeting was held to launch the campaign – Cotton “White Gold”, in the North West Zone of the Upper West Region.

He said that, inconsistency in funding of the cotton industry, combined with anarchy and indiscipline, has remained a bone of contention for cotton cultivation in the country.

Alhaji Issahaque Salia, Upper West Regional Minister, in his welcome speech said that, when cotton production was passing through a positive phase, it generated large scale employment opportunities for the youth in the northern zone.

However, he said that a downturn in functioning of the industry has badly affected the broader interest of the cotton cultivators and the workers.

Further, a chief of the Gwollu region stated that, the cotton industry collapsed because, the cotton companies always prioritized their personal interests and gains, while completely overlooking the interest of farmers, leaving them in poverty.

Also these companies introduced highly toxic chemicals, prolonged usage of which affected the fertility of lands, and thus left the farmers with no means of earnings to support their lives.

Business Head of Olam Ghana, assured the farmers that the firm would enhance cotton production in the region by making arrangement for cotton seeds and farm inputs.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
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