Home / Knowledge / News / Textiles / MOEA opens the 'Textile Industry Development Facilitation Office'
MOEA opens the 'Textile Industry Development Facilitation Office'
08
Aug '08
To expedite the upgrading of domestic textile industry, the Ministry of Economic Affairs (MOEA) has developed three “A Hundred Billion” programs by integrating its internal resources and gathering opinions from the industry, academic and research circles. The three programs are, respectively, “Technical Textile Productivity Doubling Project”, “Functional Textiles Development & Promotion Alliance” and “Taiwan in Fashion”.

Following the successful model of the “Two Trillion and Twin Star Program” for the electronic industry, MOEA has established the “Textile Industry Development Facilitation Office”. The sign unveiling ceremony was held at 9:00 am, Thursday, 31 July at 4F, Taiwan Textile Federation Building, 22, Ai-Guo East Road, Taipei, hosted by Mr. Shih Yen-Hsiang, Vice Minister of the MOEA.

This is an innovative and creative mechanism to put together resources of various legal organizations, headstream and downstream units of the textile industry, as well as cross-industrial efforts to achieve a synergy effect for industrial R&D, production and marketing, thereby attaining the industrial goal of a NTD580 billion productivity by year 2015.

The Textile Industry Development Facilitation Office will serve as the coordination center for the three “A Hundred Billion” programs. Through a series of seminars, the Office will facilitate cooperation among the headstream, middle and downstream units of the textile industry, as well as cross-industrial alliance, so as to identify their target products in common.

It is hoped that, with the various incentive programs from the government including coaching programs, subsidy plans and technology transfer-in, etc., the parties can work on the relevant product development or investment plans collaboratively and create new business prospects for the functional and technical textile products.

“Technical Textile Productivity Doubling Project”, the first project team to join the Office, will coordinate the relevant associations including Taiwan Technical Textile Association, Taiwan Private Equity & Venture Capital Association and Taiwan Composites Association to achieve a new investment target of NTD80 billions in year 2015, and a productivity target of NTD180 billions for the technical textile products.

The “Functional Textiles Development & Promotion Alliance” will facilitate the cooperation of 25 strategic alliances for new product differentiation. By developing the functional raw material and synergizing the production dynamics of the headstream, middle and lower stream units, the program aims to achieve a productivity of NTD100 billions for the differentiated derivative products. “Taiwan in Fashion” is a project connecting the professionalism of trading companies, collective marketing, talent development and environmental building, etc. to, indirectly achieve a productivity of NTD100 billions.

Textile industry has long been the greatest contributor to Taiwan's foreign exchange income, evidenced by an accumulated foreign exchange contribution of more than USD230 billions since year 1981. It is the lifeblood for the country's economic development. In terms of economic contribution, the textile industry has created, at its peak time, an annual productivity of NTD610 billions and an export value of USD13.2 billions.


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

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

Ritu Kumar
Label Ritu Kumar

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 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

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

Yes No

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

Yes No

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


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



X