Home / Knowledge / News / Textiles / Albania unveils support package for textile industry
Albania unveils support package for textile industry
23
Apr '14
The Government of Albania, a country in Southeastern Europe, has unveiled a support package for the textile and garment industry (called active processing industry in Albania), which is very different from the previous model which was based on remittances and public debt, according to the website of the Albanian Prime Minister’s Office.
 
The new support package focuses on domestic production, foreign direct investment and better returns through efficiency, as these would help to ensure better economic development through collaborative partnerships between the Government and businesses, the statement said.
 
The textiles package is the first of its kind to be specifically developed for the active processing industry in Albania. It is also the first package which has been developed for a sector in accordance with its own requirements, with the first step having involved collecting opinions from key stakeholders themselves.
 
Overall, the measures of the new support package aim to significantly improve quality and thereby increase exports. This is reflected in an increased export target of more than 80 percent within three years.
 
Altogether 46 measures and proposals are mentioned in the support package. Some of these measures have already been implemented. For example, the Euro contract award for active processing plants, which is expected to save an average of US$ 2.5 million lease to entrepreneurs.
 
Another important focus of the package is the connection between the development of textiles businesses and the growth of employment. For the purpose, the Government will take a series of measures to increase the number of declared employees in the country’s textile sector from the present 28,000 to 100,000 in three years. The Employment Fund for the textiles industry will also be increased to $5 million by the end of this year.
 
The Government expects that the new support package will help Albania become an important textile producer in Europe.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Rahuul Jashnani
Jashn

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

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 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