Home / Knowledge / News / Apparel/Garments / Garment sector attracts colossal FDI
Garment sector attracts colossal FDI
18
Jun '08
When it comes to Turkey, foreign investors have always focused on sectors like finance and real estate, however, now they are getting active in textile too. Ayaydin Group stands as an apt example to this changing trend as it recently joined hands with Italy's Miroglio with the aim to open 300 stores in the country by the end of 2012.

Ayaydin Group which owns ready to wear brands like Ipekyol, Twist and Machka signed a 50-50 partnership with Italian textile giant Miroglio Group. The latter is also a major retail company with 800 stores and presence in countries across the world through its featured brands like Caractere Elena Miro, Motivi and Oltre.

Ayaydin which was contemplating this venture for the past one year targets a turnover of 230 million euros from 300 stores by the end of 2012 to become a world brand through this cooperation.

The retail markets of Turkey being strategically located in close proximity to key markets have attracted massive foreign direct investment (FDI) in the ready to wear sector.

Statistics revealed that textile which only had a US $8 million share in FDI of $745 million in 2003, witnessed a major surge last year to occupy $233 million out of a total of $19.2 billion.

This change in the market trend shows that textile sector in Turkey, particularly ready to wear segment, is likely to see a remarkable transformation in the years to come.


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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