Apr '16
Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, has said that her ministry has received a directive from President Muhammadu Buhari to revive the CTG sector.
“The CTG sector, which used to be highest employer of labour next to government, with over 175 mills at its peak in the 1980s, is now a shadow with barely 30 companies operating presently,” Mrs. Abubakar said at a meeting with members of the National Committee for the Implementation of the Cotton, Textile and Garment Policy in her office in Abuja.
She said there is a need to identify short, medium and long term programmes to arrest the slide and spur the growth of the CTG sector.
She said President Muhammadu Buhari was passionate about the revival of the cotton, textile and garment sector following its huge potential for job creation across its value chain.
The main thrust of the policy is to reposition the CTG sector as the second largest employer of labour and a revenue earner for the government.
According to the policy document, the economy will witness savings of $2 billion in foreign exchange now being spent on textiles and garments imports.
It also aims to double direct employment in the sector 50,000 people in 2015 to 100,000 by 2017. (SH)
Fibre2Fashion News Desk – India
Must ReadView All
Textiles | On 21st Aug 2017
GST payment & filing for July extended till Aug 25
The GST Implementation Committee, consisting of state and Central...
Textiles | On 21st Aug 2017
India’s cotton production may grow by 3.76% in 2016-17
India’s cotton production is likely to rise by 3.76 per cent to 345...
Textiles | On 21st Aug 2017
Telangana announces sops for textile, apparel sector
The Telangana government recently announced a string of incentives,...
Interviews View All
Rashi Menda
Zapyle
Every fifth sale we make on Zapyle is a repeat purchase
Anavila Misra
Anavila Collection
Fashion shows are also encouraging and highlighting sustainable fashion
Angelina Francesca Cheang
MY ANJE
'Consumers in the age-group 21 to 38 are driving the activewear trend'
Ashok Desai
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
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....
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Wendell Rodricks
Wendell Rodricks
"We should not compare India and the West. There are things we do that...
Recommended
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 31
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 31
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 31
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?
YesTotal Votes: 31
E-News Insight
Latest News Update in Your Mail Box.
