Home / Knowledge / News / Textiles / Ivanovo Governor seeks support for textile industry
Ivanovo Governor seeks support for textile industry
21
Jul '12
Mikhail Men, the Governor of the Russian province of Ivanovo, presented a report seeking support for domestic textiles industry under Russia’s WTO membership, during the meeting of the Federation Council Committee on Economic Policy in Moscow.
 
The report gains significance in view of the scheduled accession of Russia to the WTO next month, since the Duma ratified the same last week.
 
Stating that the textile industries catering to local demand would be in the least favourable situation after Russia’s accession to the WTO, Mr. Men said that this may lead to serious problems for the regions where these industries are concentrated.
 
As far as the Ivanovo region is concerned, there is large-scale concentration of textile firms, which would face severe price competition with imported products. If the Russian Government does not initiate steps to support local manufacturers, the Russian textile industry may experience a drastic fall, he said.
 
Mr. Men said that emphasis should be laid on supporting the basic, large-scale textile enterprises. He said that the Ivanovo region houses many companies, which create textile industrial cluster around themselves. These companies should focus on growth as it would help the local industry to grow into a highly competitive innovative industry.
 
The Governor also suggested construction of a synthetic fibre factory in the region.
 
Talking about additional supportive measures for the sector, he proposed making provision of state guarantees for implementation of complex ground-breaking projects in textiles.
 
Stating that the budgets are utilized to reimburse a part of the sum spent by the firms on raw material and equipments, the Governor proposed making provision of subsidies for organization of textile industries from the Federal Budget for 2013-17, to compensate the costs of heat and energy resources endured by these firms.
 
Lastly, Mr. Men said that leading textile industry players do not see any drawbacks in Russia's WTO membership. It is because the country never enjoyed a real competitive advantage in terms of development of textile industry. May it be raw materials, yarn or equipments, Russian entrepreneurs pay the same price as their overseas rivals, he added. 
 
He said that if support measures are decided and related issues are sorted out, Russia’s WTO accession may extend a solid assurance for sustenance of the country’s textile industry.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 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