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Syrian textile sector set to get fillip
16
Mar '11
The fortunes of Syrian textile sector have been on a road of decline since 2005. In order to boost the industry, the government is planning to extend financial support to various segments of the textile sector.

Under the 11th Five Year Plan (2011-15) various segments like high-value fabrics, clothing and denims will get significant funds for their development, mainly to modernize their machinery.

However the spinning sector might not be a beneficiary since production has been falling in recent years. Cotton yarn output fell from 114,915 tons per year to 102,648 tons, down 10 percent between 2005 and 2009.

Output of blended wool yarn fell from 3,478 tons to 3,230 tons, down 7 percent and synthetic yarn production plunged nearly 65 percent from 31 tons to 11 tons between 2005 and 2009.

Many of the country's older and outdated cotton mills will be closed down and a new mill will be opened in the cotton-rich Al Hasakah region.

The downfall of Syrian textile sector began mainly after the expiry of the Multi-Fibre Agreement in 2005, the global economic crisis in 2008 and also because of the impact of the recently signed free trade agreement (FTA) with Turkey, which has a more advanced textiles industry.

The country's textile exports which currently stand at around US $2 billion may get a momentum after a Technical Centre for Textiles, which will be responsible for R&D activities and testing of textile products will start in end-2011.

The Centre will also provide training courses in textile production.

Fibre2fashion News Desk - India


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