Home / Knowledge / News / Textiles / Russian regions driving forward light industry & fashion
Russian regions driving forward light industry & fashion
30
May '17
Russian regions, especially Ivanovo and St. Petersburg, are turning out to be the main players in driving forward both the light industry (as the Russian textile and apparel industry is called) and fashion. The Ivanovo region, located in the European part of the country, accounts for 80 per cent of the entire Russia’s cotton fabric manufacturing.

Further, construction of a synthetic fibre plant is scheduled to begin in the summer of 2017 in the Vichuga special economic zone (SEZ) in the Ivanovo region. Synthetic fibre is not yet produced in Russia, and the to-be constructed plant has already secured orders for 80 per cent of its proposed production capacity, Russian news agency Tass reported.

The Vichuga SEZ will also include an industrial technology park built to accommodate small enterprises that will use synthetic fibre to produce finished products.

Another important driver of the light industry in Russia is the St. Petersburg light industry development programme until 2020. The programme includes a set of measures to support small businesses in the textile and apparel sector.

In addition, the city is also building an industry-specific business accelerator to promote new designers, including through the use of advanced technologies like 3D printing, robotic sewing machines and others. The project ‘St. Petersburg as the Centre of High Fashion and Light Industry’ won three nominations of the national competition organised with the support of the Russian Agency for Strategic Initiatives.

Even the Russian government is supporting the growth and development of the light industry. The anti-crisis plan for 2017 provides for RUB 2.2 billion capital inflow into the sector, which will be in the form of subsidies to finance current manufacturing operations, purchase of domestically produced fabrics, upgrade of production facilities, and import substitution projects.

Earlier this year, the Russian Parliament had passed a bill that allows textile, leather and apparel manufacturers with more than 250 employees to qualify as medium-sized rather than large businesses. As a result, these businesses get access to cheaper loans and government-supported SME programmes. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Cambodia’s economic growth to remain strong in 2017 & 2018

Apparel/Garments | On 14th Dec 2017

Cambodia’s economic growth to remain strong in 2017 & 2018

Cambodia’s economy is expected to grow at 6.9 per cent and 6.8 per...

2 garment factories to be set up in Jordan’s Arjan, Souf

Apparel/Garments | On 14th Dec 2017

2 garment factories to be set up in Jordan’s Arjan, Souf

Jordanian Prime Minister Hani Mulki recently laid the foundation...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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