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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search