Home / Knowledge / News / Textiles / UNIDO & BoI collaborate to develop textile sector

UNIDO & BoI collaborate to develop textile sector

25
Feb '10
Citizens of Nigeria are yet looking forward towards the United Nations Industrial Development Organization (UNIDO) and Bank of Industry (BOI) plans for financing and development of the country's palm oil, rice and textile sectors.

A Memorandum of Understanding (MoU) has been recently signed by the two organizations for studying the sectors and providing assistance for growth of the clusters in respect of the three agricultural products.

Even though, the sum involved was not revealed, the projects will be offered technical assistance by UNIDO as chain value agency, whereas distribution of the funds will be monitored by BOI. UNIDO besides, assisting a study concerning the textile sector also met the stakeholders in the sector and lend an ear to their grievances and aspirations.

In similar disposition, Mr. Mohammed Alkate, General Manager of BOI, stated that they have collaborated with UNIDO and the bank has been authorized to bestow funds and shell out the same to industrialists.

He stated that the attributes of the projects involved are vital for country's development and industrial progress and held it to be the cause for BOI's profound involvement. He also divulged that disbursement of the textile revival funds for industry will commence shortly.

Mustapha Bello, Executive Secretary of NIPC appreciated BOI and UNIDO for development of rice and textile sectors besides providing technical support. Nonetheless, he displayed the Council's willingness to provide necessary support required for making the project successful.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

There's a lot more potential in women than what we are witnessing today

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Poonam Naik Desai,

Poonam Naik Desai

Peekaboo is a sustainable, high quality, luxury sleepwear brand providing...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

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

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


March 2020

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


Advanced Search