Home / Knowledge / News / Textiles / GOTI tries to fulfill textile requirements of domestic market
GOTI tries to fulfill textile requirements of domestic market
16
Nov '10
The General Organization for Textile Industry (GOTI), which is the only manufacturer of textile in Syria, has always tried to fulfill the requirements of the domestic markets, despite the high cotton yarn prices in the global market.

Earlier textiles were sold to the traders at stable prices by GOTI but the traders sought to fix the textile prices on the basis of the global rates, after they saw a substantial fall in the prices. The Government of Syria had agreed to the demands of the traders. GOTI had begun to sell textile as per the global rates other than the steps taken by it to eliminate the hindrances obstructing the smooth functioning of the organization.

The global economic conditions affect the global cotton as well as textile prices. The prices also have a bearing upon the manufacturing cost. GOTI has adopted several directives for selling cotton yarn in the domestic market in order to safeguard the interests of the traders. The organization and its associate companies had made an announcement that they can supply 3,520 tons of textiles of various kinds every month to the domestic market. The companies under GOTI, currently, have produced over 7 tons of cotton yarn.

Despite the rise in prices of textiles at the global level, the organization took the decision of not selling its produce to other nations. It, however, continued to supply to the traders to meet their textile requirements. It had stopped the export of textiles for 15 days to target the domestic market even though it could lose some of its international customers while doing so.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: IMF

Textiles | On 18th Jan 2017

Risks to global growth outlook skewed to downside: IMF

Risks to the global growth outlook are two sided but are assessed to...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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