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Textile sector to gain from unrest in Egypt & Tunisia
09
Feb '11
Hikmet Tanriverdi, Chairman of the Istanbul Textile and Apparel Exporters' Union, or ITKIB said that, Turkey's textile industry is likely to gain advantage from the political instability and chaos going on in the Egypt and Tunisia.

The official's address formed a part of the Fourth Istanbul Fashion Week (IFW) related activities, whereby he said that, the unrest prevailing in the North African countries could place Turkey in an advantageous position as the country's textile sector may get more orders.

He said that, Turkey's textile industry is well equipped to raise its textile production to fill the demand-supply gap for textiles that has occurred due to the turmoil in Egypt and Tunisia. Thus, while Egypt and Tunisia undergo tough times, Turkey can gain from the situation.

Further, though the official sympathised the circumstances in Egypt and Tunisia, but he even said that in view of the situations in these two countries, textile importing countries may now consider Turkey's textile sector to fulfil their requirements.

The Turkish textile industry employing over five million local workers has a capacity to churn out quality products, if it gets orders from the global firms which initially placed their orders with Egypt and Tunisia, he added. But then, he even expressed hope that the situation in the two countries would soon resume back to normal.

Fibre2fashion News Desk - India

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