Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Botswana hopes for stimulus from BTCA

The Botswana Textile and Clothing Association (BTCA) is looking at the development of a globally competitive and sustainable textile and clothing sector in the country. BTCA would further assist the sector to increase domestic, regional and international market share for Botswana textiles and clothing and also boost innovation and creativity among its members.

Companies will be instructed on the benefits of using modern technology for efficiency and economies of scale. Botswana has announced there will be another stimulus package for textiles sector, meant to assist companies with wage, boost operational efficiency and improve productivity. Botswana is a landlocked country. Thus the cost of logistics is too high, making it difficult for companies to import raw materials and export finished products.

The local industry is faced with challenges that include lack of access to finance, high operational costs, uncoordinated niche markets to tap into and absence of a strong enterprising culture particularly for small, medium and micro enterprises. One strong source of competition for the Botswana industry is from Asian companies. Asian countries have a competitive advantage in terms of lower labor costs, efficient production, availability of vast and cheaper sources of raw materials.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
 
VF Logo