The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles and clothing in the country, along with other sectors.
The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles #
Unveiling IPAP 2013-14, Minister of Trade and Industry Rob Davies said the main objective of the plan was to promote industrialization in the country and thereby stimulate economic growth.
The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles #
The Minister said South African clothing and textile industry has seen a significant turnaround and local firms have been successful in recapturing domestic market share and forming working relationships with the government, retailers and other manufacturers. He added that the decline in employment in the country’s textile and apparel sector has slowed down and the negative trend is being reversed.
The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles #
IPAP 2013-14 gives high priority to the textiles and garment sector owing to its labour-intensive character. The plan also set standards and a strategic tariff regime to curb substandard imports.
The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles #
The Minister said the South African economy needs to explore new export markets, particularly in African continent, and pursue regional integration.
The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles #
In addition to exploring new markets, IPAP will focus on generating employment, encouraging innovation and taking benefit of new opportunities provided by South Africa’s BRICS membership.
The fifth Industrial Policy Action Plan (IPAP) for 2013-14, launched by the Government of South Africa, aims to support the manufacturing of textiles #
Fibre2fashion News Desk - India