More than 150 world leading textile firms will take part in the Textile Investment Forum slated for next month with a view to unlock funding for local companies.
The forum has been organised on the back of increased cotton deliveries this season which are expected to hit beyond 100 000 tonnes from 28 000 in previous years.
The top textile firms the world over have expressed interest in taking part in the forum which will attract cabinet ministers and other financiers as the local industry is eyeing to unlock in excess of US$30 million for capitalisation.
Zimbabwe Textile Manufacturers Association chairman Mr Admire Masenda said the forum is designed in such a way that stakeholders will proffer solutions to the current challenges that local textile firms continue to experience.
The country’s white gold has been rated as one of the best products the world over and with the amount of cotton expected this season, government is willing to see value-addition processes taking place to derive maximum value form the crop.
At its peak the textile industry used to employ more than 35 000 people and with this year’s figures, more people can be absorbed within the sector.