>>
Home / Knowledge / News / Textiles / Defunct textile factories to be revived

Defunct textile factories to be revived

13
Jul '09
The paralyzed textile factory in the Southern Mozambican city of Matola will restart its production soon, informed the Minister of Industry and Trade, Mr. Antonio Fernando. Texlom is a big textile factory located here, which was paralyzed for the past whole decade.

The preparations of reviving the factory are in full swing. The investments required for this resumption comes from the Aga Khan Foundation. This restart will generate about 100 jobs where the workers will mostly be women.

Prior to the re-commencement of the factory, training of staff is in progress. The textile produce of the factory will be sold in the Mozambican as well as in regional markets.

The Minister further informed that another business group is interested in the second defunct textile factory, Riopele in Marracuene district. The investors are already in Mozambique to buy this factory, he informed.

For the textiles and clothing sector, the government has a strategy, according to which the investors of these factories will enjoy benefit of tax exemption for ten years as well as facilities in importing equipment, he added.

Such benefits are necessary for these closed textile factories in Mozambique, in order to make their products more competitive on the international level.

These kinds of benefits are common practice in countries such as China, India and Thailand, where textile industries are highly developed, added the Minister.

The government is putting in full efforts to create more favorable business environment in Mozambique, he said. He believes that due to the progressive efforts of the government, the industry could place their products in the markets of the US.

For instance, under the AGOA (African Growth and Opportunity Act) regime, Mozambique can sell its products in the US, free of duty, added the minister.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

G Tumbarello,

G Tumbarello

Lilly + Sid is an award-winning organic children's clothing company from...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

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

Leave your Comments

ESTEEMED CLIENTS

KIABI
Splash
IKEA of Sweden AB
KAS Direct Sourcing
Sportmaster Ltd.
Hirdaramani International Export Private Limited
Rayonese Textile Inc., Division de Culp Inc.
SYNERGIES HONG KONG LIMITED
Hela Clothing Pvt Ltd
Gokaldas Exports Limited
Boardriders Asia Sourcing Limited
Benetton Group
Desigual - ABASIC, S.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Recron Polyester from Reliance Industries Limited
Rosset ;& Cia Limited
TESCO INTERNATIONAL SOURCING LIMITED
Esprit Europe Services GmbH
Phong Phu international JSC (PPJ)
Alix Partners
Seasalt Limited
Green Fibre
Aquarelle Clothing Limited
PVH Corporation
J ;& P Coats
Landmark Group
BIANCA
Guess Europe Sagl,
Tommy Hilfiger
BIMBA ;& LOLA SL
Gloria Jeans
Cat Tuong Real Estate Group Joint Stock Company
Huntsman (Singapore) Pte Ltd
Restoque S.A.
THE BOMBAY DYEING ;& MFG.CO. LTD
Walmart
NITI Aayog
Gap International Sourcing Limited
Target Corporation (MN)
Reiter India Private Limited
MAS Active / MAS Kreeda / MAS Bodyline
Etam Group Strategy Hong Kong Limited
Chori Company Limited
Decathlon
Babyshop
Page Industries Limited (Bangalore)
Bluestem Global Sourcing Limited
Sainsbury's Argos Asia Limited
Truetzschler India Private Limited
IDH – The Sustainable Trade Initiative
The Top Form Brassiere Manufacturing Company Limited
Lisa S.P.A.
Puma
SHAHI Exports Pvt Ltd
OVS Hong Kong Sourcing Ltd.
Varner AS Retail
Sportswear Company Spa
T.T. Limited
Chico’ FAS
Alison Hayes Romania
H;&M Hennes ;& Mauritz (Far East) Ltd
Grasim Industries Limited
Gatsby Africa
Lacoste (Wanchai)
Under Armour Global Sourcing Ltd
The LYCRA Company Singapore  Pte. Ltd
LC Waikiki
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sateri (Jiujiang) Fiber Co.,Ltd
Maceton Limited
Tchibo GmbH
Helly Hansen Far East Ltd
Midas Clothing Limited
C;&A Sourcing International Ltd
Vardhman Textile Ltd
Arvind Limited
Calvin Klein
International Textile Manufacturers Federation
Lifestyle
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Lululemon Athletica Inc
Asos
Lenzing Aktiengesellschaft
Tory Burch Hong Kong Ltd
John Varvatos
Permoda(Koaj/Armi/Pronto/Bkul)
G-Star Raw C.V.
Vianney Textil Hogar S.A. De C.V.
Abit
Amazon China

January 2022

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


Advanced Search