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Integrated textile complex to come up in Algeria
16
Sep '15
An integrated textile complex will come up in the north African country of Algeria, as an agreement has been recently signed by the country’s National public group with a Turkish company for the same, as per Algerian media reports.

The textile complex is expected to go operational by November, 2016. It is expected to have 8 integrated plants focusing on the production of textiles and hosiery products. It will also have a business centre, a textile trade training school, and other facilities.

The project is expected to generate over 20,000 jobs, with more than 50 per cent of the production expected to be exported while another 40 per cent will be for the domestic market.

After the extension of the African Growth and Opportunities Act (AGOA) for another ten-year period by the US government earlier this year, many companies are investing in African nations, especially for setting up textile and apparel manufacturing units. (HO)

Fibre2fashion News Desk - India

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