Home / Knowledge / News / Apparel/Garments / Knitwear factory to come up in Russia's Ingushetia
Knitwear factory to come up in Russia's Ingushetia
17
Apr '14
courtesy: Ingushetia Ministry of Construction
courtesy: Ingushetia Ministry of Construction
A new knitwear factory is planned to be constructed in Ali-Yurt village of Russian province of Ingushetia, according to a press release from the Ministry of Construction of the Republic of Ingushetia.
 
Ingushetia lags behind the national average on all key socio-economic indicators. With virtually no industrial production potential and poorly developed market relations, there are significant social and economic risks for businesses in the region.
 
Low level of productivity is one of the major problems of industrial development in Ingushetia and the region is in need of new production facilities, and the planned construction of a knitting factory in Ali-Yurt is important in this context.
 
The knitting factory will create more than 500 jobs and will have a positive impact on the dynamics of economic development in Ingushetia and will also bring additional revenue to the local government, the statement said.
 
The knitting sector is the most promising among the different branches of the textile industry, as it has a number of advantages in terms of products and efficiency of production technology.
 
The new knitting facility in Ali-Yurt will be equipped with a new, more technologically advanced machinery and equipment. In addition, highly skilled professionals would be involved in the production, which would be made using new raw materials in accordance with modern knitwear manufacturing and work organization.
 
Located in the North Caucasus region, Ingushetia is one of Russia’s poorest and most restive regions. In terms of area, the republic is the smallest of Russia’s federal subjects except for the two federal cities, Moscow and Saint Petersburg.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Jun 2016

CII issues 6-point plan for textile & apparel industry

Indian textile and apparel industry has the potential to create over...

Textiles | On 28th Jun 2016

Telangana subsidises power tariff for textile sector

The Telangana government has decided to give Rs 2 per unit subsidy on ...

Apparel/Garments | On 28th Jun 2016

Bangladesh garment exports up 9.4% in July-May

Readymade garment exports from Bangladesh increased by 9.41 per cent...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

Which chemicals are likely to dominate the sustainable textiles industry?...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search