Zimbabwe to push capacity utilisation of its textile sector
The Zimbabwean government has set-up some Statutory Instruments to discourage cheap imports of textile products into the country, this is likely to push the capacity utilisation of local textile industry to 45 % this year, an official said
Zimbabwe Textile Manufacturers’ Association secretary-general, Raymond Huni said that the industry would take off well this year due to measures introduced by government to protect the industry.
In 2015, due to an influx of cheap import, the industry was operating at below 30% of capacity. This year, they are anticipating an improvement due to a number of measures introduced by the government to protect the industry. Raymond Huni said that if everything goes well they want to push industry capacity to 45 %.
Currently the textile industry is reeling under low capitalization levels and an influx of cheap imports. To revive the textile sector, at least USD 20 million is required, but the government is lacking the funds.