Home / Knowledge / News / Textiles / Egyptian govt to support revival of cotton textile sector
Egyptian govt to support revival of cotton textile sector
02
Jan '15
The Prime Minster of Egypt, Ibrahim Mehleb, recently held meetings to discuss the issues of the cotton and textile industry, and announced that the Egyptian Government has decided to support the revival of the textile sector, Daily News Egypt reported.

The meeting was held in the presence of the Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour, the chairman of the Cotton and Textile Industries Holding Company, chairman of the ‏Egyptian Chamber of Textile Industries, and chairman of General Union of Textile Workers.

In the first meeting including the ministers of industry and agriculture, and officials of the Egyptian Chamber of Textile Industries, they agreed upon a policy for cotton cultivation. The second meeting decided on a road map to develop the textile industry into a national project.

In the opening of a conference on “a roadmap to save the textile industry”, Minister of Manpower Nahed Al-Ashry talked about the importance of solving the textile industry’s issues in order to maintain it.

According to the Minister of Finance, Ashraf Salman, the Egyptian Government is currently conducting consultations with consultants specialised in the textile industry, to develop an investment plan timetable.

The return on investment will be the basis for commencing the technical restructuring of companies. It is expected that the study will be completed in early 2015. It is aimed to improve the situation of companies and to face the losses that hinder their growth, providing new plans for the industry’s development.

The Egyptian textile industry is going through several crises, including the absence of a clear policy to cultivate cotton and the low liquidity in factories. The government is exerting efforts to improve the industry and lower the rate of losses in its treasury. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Textiles minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair ‘VASTRA 2017’, in Jaipur. Courtesy: PIB

Textiles | On 22nd Sep 2017

Placement rate in textiles sector is 70%: Indian minister

The recent high growth of foreign direct investment (FDI) in the...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Textiles | On 22nd Sep 2017

Messe Frankfurt acquires Source Africa, ATF textile shows

Messe Frankfurt, one of the world´s leading trade show organisers,...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search