Home / Knowledge / News / Textiles / Textile exporter's body demands stimulus package for sector
Textile exporter's body demands stimulus package for sector
18
Mar '09
Bursa is the textile capital of Turkey. Since the economic crisis has unfolded, the textile and apparel manufacturing units in Bursa have been affected to a very large extent, resulting in shutdowns and leading to unemployment of workers.

The man-made or synthetic yarn industry has felt the impact the most as most of the closures in the industry have taken place in this very important sub-sector. According to experts, the local units are not able to compete with China and India.

According to data, exports of textile products have slipped by 21 percent and that of clothing by 32 percent in January 2009, which has raised concerns across the whole industry in Bursa, since its economy is largely dependent on this sector.

Meanwhile, Mr Ibrahim Burkay, Chairman of the Ulludag Textile Exporters Union (UTIB) has demanded that the textile sector also should be given incentives of the like which have been announced for the automobile and consumer electronics sectors.

He advised the government to announce another comprehensive stimulus package, which should include all the affected sectors, particularly, textile and its ancillaries, which he claimed were facing troubled times due to the economic crisis.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X