Home / Knowledge / News / Apparel/Garments / Benetton to set up a €43.2 million textile plant in Serbia
Benetton to set up a €43.2 million textile plant in Serbia
01
Feb '11
Italy's biggest clothing retailer, Benetton Group SpA, is to set up a €43.2 million that is $59 million worth textile plant in Southern Serbia. This investment would be funded by the Serbian government.

Benetton authorities intended to ink a formal contract with the government representatives and municipal authorities on January 31 at the Southern city of Nis, where they propose to set up the new facility.

The government revealed that, Benetton intends to employ around 2,700 employees in next four years, and would thus supersede Nitex d.o.o., which now is the largest clothing manufacturer in the domestic market. Each of the new jobs coming up at the new facility would be subsidised by the government with € 9,000.

Further, the Italian firm which owns brands like Sisley and Playlife may even ink other agreements with the domestic suppliers who have the potential to fulfil the company's standards.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

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

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Paolo Ocleppo
Sandvik Hyperion

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

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
March 2017

March 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