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

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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