Home / Knowledge / News / Textiles / Overseas investment flows in Foshan
Overseas investment flows in Foshan
Mar '08
Foshan the third largest city in Guangdong Province, is home to many large private enterprises. Many renowned enterprises like US based Invista are already started operating here while others are also planning to set up their plants.

Invista, the leading manufacturer of artificial fibers and polymers and owner of trademark Lycra, invested nearly US $128 million last year. Now, it plans for further expansion in Spandex factory by adding a capital of around $99 million.

Statistics show that, there are more than 7,000 foreign investors in the city, with their projects worth nearly $18 billion.

The total capital which flowed in Foshan was approximately $2.66 billion in 2007, an increase of 50 percent when compared to previous year.

The city is well equipped for manufacturing textile and garment products, fine chemicals and other items, which is an added advantage for companies. Popularity of Foshan among enterprises is mainly because of the well developed infrastructure, great potential market, availability of workforce and low cost of living, which increases profit margin of companies.

Foshan plans to continue its efforts of attracting a lot more foreign entrepreneurs for boosting its economy.

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search