AICC’s Press Briefing on a business case for a once-off capital injection US$4.8 million into a cotton input fund
- Created: Saturday, 23 September 2017 09:34
- Published: Saturday, 23 September 2017 09:34
- Hits: 1440
On 18 September, AICC had a press briefing where it presented a business case for a once-off capital injection US$4.8 million into a cotton input fund as a short to medium term input supply intervention. It is expected that the injection towards input fund will rejuvenate the sector by generating US$60.5 million in exports, US$26.5 million annually accruing to smallholder farmers and over US$ 50 million accruing to various players engaged in value added services. Additionally, the sector employs over 20,000 workers on both permanent and temporary basis in cotton value added activities during a ‘normal year’ when over 50, 000 MT of cotton is produced.