GEPA to support ITME 2020
Adnan Adams
Mohammed
India
International Textile Machinery Exhibitions (ITME) Africa 2020 has caught the
attention of the Ghana Export Promotion Authority (GEPA) as it promises to
support the exhibition by sponsoring some exporters in Ghana’s textile and garment
industry together with stakeholders to participate in one of the biggest global
textile gathering scheduled to take place next year in Ethiopia.
Madam Afua Asabea
Asare, Chief Executive Officer (CEO) of GEPA, speaking at the official launch
of the ITME Africa 2020 in Accra, last week, entreated the Ghanaian textile
community to forge the needed collaborations with their international partners
at the event to ensure Ghana derives the maximum benefits.
The recent
Non-Traditional Export data released by GEPA indicates that the textile
industry performed poorly in the industrial arts and craft sub-sector. The
sector has consistently recorded a low growth rate and in 2016, it experienced
an outright dip, recording a contraction of 1.4 percent.
“We must
collaborate, forge relationships and take advantage which will inure to the
total benefit of the State”, the GEPA CEO stressed.
According to the
Chairman of the India ITME Society, Mr. Hari Shankar, the event is deemed to be
more than a routine exhibition as various meet-ups including technical and
investment seminars have been incorporated. He is urging the Ghanaian business
community to maximise the needed potential in the sector.
As one of the
largest textiles economies in the world, India is taking a new frontier in the
area of promoting and facilitating trade in the textile sector by way of
introducing to the African continent a complete solution to textile production
through affordable technology and skills development among others.
Instructively, many
African countries including Ghana are rated among the fastest growing economies
in the world. With strong growth and increasing population, India is taking
steps to strengthen fashion and textile industry in the continent by way of
promoting trade, hence the ITME in Ethiopia.
The gathering
which starts from 14th to 16th February, 2020, is expected to enable Ghanaian
textile exporters’ leverage on the opportunities that abound in the global
textile industry, particularly how technology and machinery are playing a
pivotal role in the sector and as such incorporate such technology into the
Ghanaian textile industry.
ITME Africa 2020
gathering will serve as an avenue to connect business to business and
government to business to enable participants to engage in sustainable
partnerships with potential investors for onward development in the sector.
Instructively, the
EXIM Bank of India together with various banking and non-banking institutions
with favourable business financing solutions will engage with participants as
the International Trade Centre – a development agency that supports
internationalization of Small and Medium—sized Enterprises is expected to
facilitate the business to business meetings.
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