Home / Knowledge / News / Apparel/Garments / New incentive scheme to help Turkish apparel makers
New incentive scheme to help Turkish apparel makers
18
Apr '12
Mr. Sami Kariyo
Mr. Sami Kariyo
A new incentive scheme announced by Government of Turkey will benefit garment manufacturers, according to the Turkish Clothing Manufacturers Association (TGSD).

For the new incentive scheme, the Government has divided all provinces in Turkey into six groups on the basis of socio-economic development. The Government's incentive support would be the most to those provinces falling in the sixth group, mainly comprising of poorer eastern and southeastern provinces.

For investments made in the sixth-category provinces from January 1, 2012, the Government will pay the employee insurance costs on the minimum wage for 10 years.

The new incentive scheme would provide more breathing room to Turkish apparel industry, said Sami Kariyo, who is on the Board of Directors of the TGSD.

Speaking at an event in relation to the 5th Istanbul Fashion Apparel Conference to be held on May 3-4, 2012, Mr. Kariyo said, the new scheme will help Turkish manufacturers to become competitive with China, where labour costs in the textile and apparel sector are in the range of US$ 300-500. The incentives provided by the Government would bring down the labour costs in 5th and 6th category zones to around US$ 450, he added.

At present, there are 1,500 Turkish apparel brands that have an overseas presence and the TGSD projects this number to grow to 10,000 within a span of few years, Mr. Kariyo said.

The two-day 5th Istanbul Fashion Apparel Conference will host several important speakers from the textile and clothing industry, including CEOs and fashion designers of multi-national companies like Lee Cooper, Nike and Celio.

Representatives of many international organizations like Euratex, Cotton Council International and Woolmark would also speak at the event.

Fibre2fashion News Desk - India


Must ReadView All

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X