Home / Knowledge / News / Fashion / Fashion industry runs to Govt for help
Fashion industry runs to Govt for help
21
Mar '09
The global recession has not spared the worldwide high profile fashion industry from its wrath. Italy which is considered one of the fashion capitals of the world is no exception. The fashion industry in Italy has been impacted to a very large extent, than anticipated earlier.

The small fashion houses and companies have felt the impact the most, as consumers have clamped on their spending. Now, the fashion industry is looking up at the government, to help it get back on its feet, by means of tax cuts and access to credit on easy terms.

Representatives of the trade body from the sector; Sistema Moda Italia (SMI), met the Industry Minister, Claudio Scajola to put up their demands for the textile, clothing, fashion and footwear sector, who has assured them of all help from the government.

“Italy has built a reputation for itself in the global markets for its fashion clothing and footwear industry and any problem befalling the sector could have a severe impact on the 'Made in Italy' label and the manufacturing industry”, said the head of SMI.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Marten Alkhagen
Swerea IVF AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search