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Lithuanian PM, LATIA discuss promotion of textile industry
08
Sep '14
Lithuanian Prime Minister Algerdas Butkeviciaus, during a recent visit to the textile industries in Kaunas, met representatives of the Lithuanian Apparel and Textile Industry Association (LATIA) to discuss about the Lithuanian garment and textile sector.

The main agenda of the meeting was to talk about the issues in the textile sector and the various measures to be taken to promote Lithuanian textiles in the competitive domestic and foreign markets.

The meeting was focused on promoting the textile exports from Lithuania and to extend support for the development of Lithuanian fashion brands. Mr. Butkeviciaus and LATIA also talked about introducing new technologies and equipments in the textile sector, increasing the retail sales in the domestic market, public procurement and other business environment issues.

They discussed about the European Union’s support for the potential use of funds for new equipments. They also discussed the ban on European Union goods by Russia and the possible consequences on Lithuanian exports, as well as export to new markets.

The Prime Minister said the Government of Lithuania has to devote its attention to enhance Lithuania’s competitive abilities in other markets and attract foreign capital to Lithuania.

According to Mr. Butkevicius, a new financial plan should be made to support export initiatives under the ‘New Opportunities’ measure. According to this measure, use of new financial instruments (preferential loans, guarantees) will be implemented in order to increase the level of entrepreneurship and productivity of small and medium-sized enterprises. The European Union Structural Funds has allocated €410 million for initiating these measures.

Mr. Butkevicius said the network of vocational training institutions will also be reformed to meet the needs of separate economic areas and regions.

LATIA president Aurimas Palevicius said the country’s textile and clothing sector, both now and in the long term, will remain important to the national economy in the manufacturing industry.

During his visit to Kaunas, the Prime Minister visited many textile companies, including Liteksas, Classic Linen, Omnitekas, and Garlita. (GK)

Fibre2fashion News Desk - India

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