Home / Knowledge / News / Textiles / Russia to support development of Armenian textile industry
Russia to support development of Armenian textile industry
01
Oct '14
The representatives of Russia, the United Nations Industrial Development Organization (UNIDO), and the Ministry of Economy, Armenia, have entered into an agreement for developing the textile industry in Armenia, Arka news agency reported.

According to the agreement, Russia has provided US$ 1 million to Armenia, via UNIDO, for implementation of the textile industry development program in Armenia.

The chief of the Ministry of Economy, in charge of the development of small and medium businesses, Armenia, Armen Yeganyan said in a statement that Armenian textile industry’s output makes up to 20-30 percent of domestic market.

He said that Armenian textile industry should increase its exports and its sales in the domestic market.

The light industry is one of the most important segments of the strategic development program that was launched this year, he added.

Armenia’s output of the clothing sector grew by 42 percent in the first half of 2014 and the textile industry achieved a 100.6 percent growth.

Armenia plans to increase the textile industry exports 4-5 times by 2023 and build up the share of domestic products at Armenia’s market by 50 percent, Armen said. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kerem Durdag
Biovation II LLC

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

Urs Stalder
Sanitized AG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search