Home / Knowledge / News / Apparel/Garments / 50% of offshore production will return to Spain: FEDECON
50% of offshore production will return to Spain: FEDECON
25
May '13
Mr. Angel Asensio (courtesy: Diario Financiero)
Mr. Angel Asensio (courtesy: Diario Financiero)
Around 50 percent of garment production lost by Spain to other countries during the last two decades would come back to the country, Angel Asensio, president of the Spanish Apparel Federation (FEDECON) has said.
 
Mr. Asensio said the relocation of production from Spain to other countries has resulted in loss of jobs, which have decreased from about 400,000 around 20 years ago to about 166,000 today.
 
He said Spain started outsourcing garment production in the 1990s as labour cost was cheaper in those countries, especially Asian nations.
 
But now, producing offshore is turning out to be less profitable due to the rising cost of labour in China, the hike in transportation charges, difficulty in getting credit for imports, and the declining quantity of garment orders, FEDECON president said.
 
Moreover, a growing number of Spanish people are now willing to spend a little extra for products made in Spain, as it helps the country’s economy, he added.
 
According to him, the relocation of around 50% of garment production would create up to 100,000 new jobs in Spain.
 
However, companies willing to come back to Spain are facing problem of lack of credit facility as a result of the financial crisis that has strangled the Spanish economy.
 
Hence, the apparel sector employers have asked the Government to create a credit line for lending to companies that invest and bring their garment production back to the country, Mr. Asensio said.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search