News Tags

Related Keywords: cotton production capacity, expertise in technology, explore investment opportunities, foreign investors, help new investors, industralization drive, locate empty factory, management and marketing, represent the interests, showing interest on Tanzanian textile subsector, TEGAMAT, Textile Development Unit, to facilitate supplier relationships

Foreign investors have started showing interest on Tanzania’s textile subsector, which is a good indication of prospects for the country’s industrialisation drive. According to the Textile Development Unit’s (TDU) Investment Promotion Director, Mr Tim Armstrong, there is a significant potential for flourishing textile and garment industry in the country, thanks to the country’s cotton production capacity.

Related Keywords: accelerate textile sector of the state, announced fourteen textile parks, cotton production capacity, covers largest area, Devendra Fadnavis, highest FDI inflows, invited businessmen to invest, largest employer, Maharashtra CM, Make in Maharashtra slogan, under cultivation for cotton

In the wake of the Make in Maharashtra slogan – a toddler initiative adapted from Make in India, the Government of Maharashtra plans to accelerate the textile sector of the state which is the largest employer and covers the largest area of around 41.92 per cent under cultivation for cotton.

The Maharashtra government, which has already announced 14 textile parks in the state, has invited businessmen to invest in the sector through its initiative. The state also plans to set up 10 new mega textile hubs and new garment park at Solapur and Nagpur.