Home / Knowledge / News / Textiles / Turkish textile entrepreneurs explore Russian market
Turkish textile entrepreneurs explore Russian market
08
Feb '12
Turkish textile entrepreneurs are on a visit to Russia to explore trading and investment opportunities in the Russian Federation.

The tour has been organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) in collaboration with the Association for Business and Friendship between the Russian Federation and Turkey (RUTID).

The meeting between Turkish entrepreneurs, particularly from textile sector, and their Russian counterparts highlighted the emerging potential of the Russian market.

Özer Demircan, Secretary-General, Exporter and Industrialist Businessmen's Association (IHSANDER) of Turkey, said presently the association has more than 600 members, with 150 of them belonging to the textile sector. He revealed that 20 of these 150 members are on a visit to Russia to research the market there.

On their visit, the Turkish entrepreneurs were provided all business and market research assistance by RUTID. Esat Sari, President RUTID, said in future too they are ready to provide all types of assistance and guidance to overseas investors investing in Russia.

Further, quoting the 20 percent growth achieved by Russia's retail industry, he said Russia is amongst the fastest growing G8 nation, and would continue to prosper with the World Trade Organization (WTO) membership.

Noting the current period as the most favourable time for investment, he said overseas investors should consider long-term investments in the country.

Meanwhile, Demircan said after the recent visit, they plan to once again visit Russia with more members, to attend the trade shows on February 28.

Trade between Turkey and Russia is growing and the bilateral trade volume touched US$ 30 billion last year, which is expected to reach US$ 100 billion over the next five years.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

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

Rupa Sood and Sharan Apparao
Nayaab

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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