EU4Business to study Armenian textile, apparel industry

25 Oct '17
1 min read
Courtesy: EU4Business
Courtesy: EU4Business

The EU4Business Support to Small and Medium Enterprises (SMEs) Development in Armenia (SMEDA) project has invited applications from companies, experts or consortia for a sectoral study of the textile, apparel, leather, shoes, and fashion design businesses in Armenia. The study will comprise mapping, analyses and roundtables and workshops with stakeholders.

The deadline for applications is November 8, according to a press release from EU4Business.

The European Union’s EU4Business initiative helps SMEs with finance, support and training with assistance from organisations, such as the European Bank for Reconstruction and Development and the European Investment Bank.

The textile and apparel industry is one of the 11 strategic export-oriented sectors in Armenia. However, SMEs in that sector operate far below capacities and their products lack competitiveness in regional and international markets. The Armenian Government considers the revival of the sector as a priority.

The study will improve the strategy of the sector and strengthen cooperation among companies by establishing a cluster. (DS)

Fibre2Fashion News Desk – India

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