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Zimbabwe govt to resuscitate textile industry

06
Jul '12
The Government of Zimbabwe will soon make efforts to revive the textile industry in the country so that a domestic market can be created for cotton growers, Joseph Made, Minister of Agriculture, Mechanisation and Irrigation Development, has said.
 
The Minister said the Government’s move is likely to end the dependence of cotton cultivators on prices set by ginners based on the global market prices.
 
He said the Government would soon amend the cotton Statutory Instrument (SI), which seeks to make the cotton crop a controlled commodity, thus giving power to the Government to fix the buyer’s price for the commodity.
 
The SI would mandate the buyers to procure cotton from farmers at a price fixed by the Government.
 
For reviving the textile industry, it is essential for the Government to support the industry by providing finance, modern machinery and reliable sources of energy, the Minister said.
 
He stressed that revival of textile processing industry in Zimbabwe is vital so that farmers can fetch good price for their crop.
 

Fibre2fashion News Desk - India


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