Home / Knowledge / News / Textiles / 'Spanish Valencian textile SMEs require proper funding'
'Spanish Valencian textile SMEs require proper funding'
05
Dec '13
It is necessary to ensure proper funding for small and medium enterprises (SMEs) operating in the textile sector of the Spanish autonomous community of Valencia in order to revive the textile sector in the region, said Vicente Aznar, during the General Meeting of the Association of Textile Entrepreneurs of Valencia (ATEVAL) where he was re-elected as president.
 
The ATEVAL president, after his re-election, thanked the general board of the association and emphasized on the importance of the Valencian textile industry which contributes around 6 percent to the total Gross Domestic Product (GDP) of the region, providing 22,000 direct jobs and exporting 60 percent of finished textile goods.
 
However, at the meeting, the re-elected president, pointed out that the textile sector in the region is currently facing a lot of challenges. Most of the enterprises operating in the Valencian textile industry are SMEs and they require proper financing in order to increase productivity, especially with a focus on innovation, he added.
 
The ATEVAL official said the textile industry in Valencia has to increase product differentiation, especially for high value-added products, invest in quality and brand image, and continuous innovation.
 
Mr. Aznar urged the Generalitat Valenciana (government of Valencia) to increase its commitment towards the development of the industrial sector of the region in order to increase the industrial sector’s contribution in the regional GDP from 13 percent to 20 percent.
 
It is important that textile companies in the region need to undergo transformation and become a knowledge-intensive industry in order to compete in international markets, he added.
 
The ATEVAL official also expressed the importance of reciprocity in the European market for textile imports, and the final elimination of tariff barriers, for the growth of the textile industry in Valencia.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ashok Desai
Bombay Textile Research Association

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search