Home / Knowledge / News / Textiles / Govt supports textile & leather exporters
Govt supports textile & leather exporters
01
Sep '11
Minister of Economy and Regional Development Nebojsa Ciric said that the Serbian government will find a way to help export-oriented companies in the textile and leather industry.

At a session of the Chamber of Commerce's board for textile and leather-processing industry, Ciric said that one of the steps the government would endorse is that the Army, police and public companies start procuring uniforms from domestic producers, without intermediaries.

The problems of companies in this sector are the lack of liquidity and access to cash to finance modernisation or to expand production, he said.

The Minister supported the proposal that the companies that export more than 50% of production are considered export-oriented companies.

It is necessary to find a model to help export-oriented enterprises find cheaper loans, and for that we should use the capacity of the Development Fund and the Agency for Export Insurance and Financing, said Ciric.

Except for textile production, which marks a drop, the production of clothes, leather clothes and other leather items records a 7–11% hike, Ciric noted, adding that on the other hand, textile export increased by 40% and leather and leather items export by 39%.

However, despite a rise in production and export, companies in this sector are still doing poorly and salaries are among the lowest in the Serbian economy, Ciric observed.

Average salary in clothing items production is RSD 20,000, while in the production of textile, leather and leather items it is RSD 22,000, he specified.

Ciric noted that the textile and leather industry makes a 2.5% of Serbia's overall industry and employs 2.2% of all employed persons in Serbia.

SMEs are 98% of companies in this sector and their production share is 78%, he added, noting that this sector is vital and can deal with its current problems, such as unfair competition from the Far East, broken off privatisation proceedings, a lack of turnover funds and technologically obsolete equipment.

In the first half of 2011, the textile industry exported $300 million worth of goods, which is 29.1% up against the same period in 2010. The export-to-import ratio stood at 68.8%.

The leather and footwear industry produced goods worth $148 million in this period, which is 44.8% more than last year, and the export-to-import ration was 80.3%.

Over 70% of textile products and footwear is exported to the EU.

Government of the Republic of Serbia


Must ReadView All

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

Trade & consumers want MDR free digital payments: CAIT

Apparel/Garments | On 12th Dec 2017

Trade & consumers want MDR free digital payments: CAIT

Transaction charges like the merchant discount rate (MDR) applicable...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

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

Rupa Sood and Sharan Apparao
Nayaab

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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