Home / Knowledge / News / Textiles / Retirement funds set sight on textile sector for investment
Retirement funds set sight on textile sector for investment
23
Sep '09
The retirement funds and foundations are on the look out for investing their surplus funds in various industrial sectors, in view of the fall in interest rates. Textiles are one of the sectors identified by these funds.

The Istanbul Municipality Constabulary Foundation is preparing to establish a textile factory, while the Türk Telecom Personnel Accumulation and Aid Fund is ready to set up an outsourcing company.

Meanwhile, the Police Officers Care and Aid Fund is planning to hold talks with the Mass Housing Administration, or TOKI, to enter the property business. The fund had previously invested in private security, technology retail and insurance.

The Istanbul Municipality Constabulary Foundation had 2 million Turkish Liras in revenues last year and paid 80,000 liras in taxes. The foundation is currently working to establish a factory that would produce clothes for municipal police officers and private security companies.

Yavuz Çakir, the president of the foundation, said they allocated 400,000 liras for the investment and textiles are the main focus, and the next in line is construction. The foundation, which has 1,150 members, is targeting revenue of 3.5 million liras this year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella 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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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