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

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Larry L Kinn
Suominen Corporation

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

Marcel Alberts
Eurofibers

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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