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 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner
Devereux

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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