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

India's Kay Ventures aims to turn Karur into knitwear hub

Apparel/Garments | On 20th Aug 2018

India's Kay Ventures aims to turn Karur into knitwear hub

India’s Kay Ventures has teamed up with Hydra Micro Business...

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Karan Arora
Karan Arora

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


August 2018

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

news category


Related Categories:

Advanced Search