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Turkish textile companies may set up factories in Serbia
15 Mar '17
1 min read
About four Turkish textile companies are in talks with the Serbian government to set up their respective factories in Serbia. The country is planning to promote its model involving the reconstruction of abandoned halls in towns like Lebane, Lazarevac, Kraljevo, Nis and Leskovac, for investors to set up their machinery and start producing goods.
Trade minister of Serbia Rasim Ljajic informed about the country's new model of establishing industrial halls through an official statement.
Ljajic had said earlier that two Turkish textile companies are interested in investing in Serbia owing to the favourable business climate of the country. Potential investors from Turkey have also visited the production facilities in some of the towns of the country.
Serbia exported goods worth $258.4 million to Turkey in 2016 and its imports from Turkey rose by 18.1 per cent, according to the statistical office of Serbia. (KD)
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