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Turkmenistan to explore Baltic textile market
Apr '13
Turkmenistan will display its textiles and apparels at the forthcoming 18th international Fashion & Textile exhibition, formerly known as Intertextil Balticum, to be held in Riga, the capital of the Baltic nation of Latvia, from April 19-21, 2013.
Turkmenistan Ministry of Textile Industry, the state joint-stock corporation Turkmenhaly (Turkmen carpets), as well as members of the Chamber of Commerce and Industry, and the Union of Industrialists and Entrepreneurs of Turkmenistan, will showcase their products at the fair.
On the sidelines of the exhibition, a Turkmen delegation would participate in a meeting to discuss Turkmenistan-Latvia textile trade.
The participation of Turkmenistan firms in the fair will result in promotion of the Turkmen textile, apparels and carpets in Latvia, as well as in other Baltic states—Estonia and Lithuania.
Turkmenistan President Gurbanguly Berdymuhamedov has initiated policy measures for modernization of the country’s textile industry, development of industrial infrastructure and enhancing the quality of domestic products, in order to boost exports.
The President has said that the participation of Turkmenistan in the textile and fashion fair will open up new opportunities for Turkmen textiles in Baltic countries, a promising region in Europe.
About 1.2 million tons of cotton has been harvested in Turkmenistan this year, and the Government is spending on development of cotton processing industries.
Since the country achieved Independence in 1991, over US$ 1.65 billion has been poured in for modernization and upgradation of existing textile units in Turkmenistan.
Turkmenistan Government expects to attract US$ 1.056 billion of investment in the country’s textile sector during 2012-16.
The international Fashion and Textile exhibition is one of the most important events in the textile industry in the Baltic region, and it will bring together national and international manufacturers of clothing, home textiles, lingerie, fashion accessories, production equipment, and sewing supplies.

Fibre2fashion News Desk - India

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