Partnerships will boost the growth of the Nigerian textile industry

Chandramouli Kern, Consulate General of India in Lagos, urged players in the Nigerian textile industry to explore joint ventures and partnerships with tech companies that have the expertise to live up to expectations.

Kern revealed this during the 2022 Africa Textile Manufacturing and Trade Policy Summit and Expo organized by Leoht Africa and held in Lagos

“As you go through India’s history, you will see that there were joint ventures with technology companies from the West or other developed countries,” Kern said. “There is no need to do things from scratch by Nigeria, they can draw on India’s expertise and they can jump in too they can try to improve the value chain rather than to start from scratch”

“It is common knowledge that without manufacturing, a country cannot develop,” Kern continued, saying that “Indian companies present will explore the possibility of partnering and investing in Nigerian companies at this exhibition and they will be able to send business proposals.We will be ready to help with the technology, training and expertise needed to build a vibrant textile industry in Nigeria.

“Other than that, the African Free Trade Area is in its final stages and I see a very profitable position for Nigeria because you have the strength, the resources and with the partnership with big Indian companies you can supply the Africa”.

Kern added that the consulate is fully functional in Lagos and ready to assist industry players who have potential business proposals with access to partners in India.

“I will encourage you all to write us your business proposal. If you have decided to collaborate with India, we will try to help you with a match booking request,” he noted.

In addition to this, Bunmi Aliyu, Leot Africa and Source Textile and Apparel Conference Organizer noted that the event aims to make Nigerian apparel, accessories, textiles, footwear and leather more relevant than ever for companies looking to s to supply and cooperate. internationally.’

“This will help businesses and industries reinvigorate their global sourcing activities and build lasting alliances with production partners,” she added. “The expo attracted the participation of industry from different countries and thousands of manufacturers, wholesalers and retailers from across the mainland and overseas,” Aliyu said.

“For a country like Nigeria whose people are fashion-conscious, the textile industry is beset with challenges that have kept manufacturing down to a minimum,” said state governor Babajide Olusola Sanwo-Olu. of Lagos, in his speech.

Also Read: Policy U-turn, low capacity hampers Nigerian textile industry – Experts

Governor Sanwo-Olu, represented by Lola Akande, Commissioner, Ministry of Commerce, Industry and Cooperatives, added that the trajectory of the textile industry in Nigeria is one that does not leave much to be desired.

“It’s sad that an industry that was once very viable, job and wealth creator, has shrunk and lost its prominent place in the national economy,” she said.

“However, it is heartening and reassuring that the ‘Industrial Revolution in Nigeria’ plan launched by the Nigerian Ministry of Industry, Trade and Investment to boost manufacturing GDP in selected industries of which textiles is a part, is registering gains, particularly in the area of ​​increased capacity utilization, which has resulted in the creation of more jobs.Part of the gains is also the ease with which foreign brands can now source fabrics manufactured locally such as Adire, Aso-oke and Oja.

“I strongly believe that this summit will open up greater opportunities for this sector, as the outcomes of the roundtables organized by federal government officials, ECOWAS officials and other relevant stakeholders will offer good and workable solutions to industry challenges.”

Backing up the Governor’s position, Folake Oyemade, President of the Garment Manufacturers Association of Nigeria said, “We have some of the biggest players in the textile and apparel industry in Nigeria in our association and I know many of us are looking for collaborations in terms of manufacturing partnership in Nigeria, which is what we need in this country right now.

“We don’t want to continue to run an import-based economy, we want to become a hub of manufacturers first to supply the local market and then also export to meet demands from other African continents,” Oyemade added.