Home / Knowledge / News / Apparel/Garments / Anatolia shift suggested to bail out textile sector

Anatolia shift suggested to bail out textile sector

02
May '06
Anatolia has turned out to be the last hope for ready-to-wear manufacturers who have been experiencing acute economic problems.

Turkish Clothing Manufacturers' Association (TGSD) believes Anatolia can create an advantage for the country's textile producers with help of Incentive Act 5048.

If the sector shifts its investments to Anatolia, it might wade over its recent economic crisis, commented TGSD Head Aynur Bektas.

Duzce, Bolu, Cerkes, and Karabuk are among those cities that hosted the TGSD visitors who wanted to see witness ground realities faced by the sector.

New investments are not possible in Istanbul, instead they may be diverted towards developing Anatolian cities.

Fashion, design and brands could become a solution for textile sector and Istanbul can retain its prima donna status as a fashion site, conveyed Bektas.

Turkey's textile and ready-to-wear sectors achieved sales volume of $18.6 billion in 2005, employing 30 percent of Turkey's workforce, achieved 20 percent of its industrial production and 25 percent of its total exports.

China's low cost advantage in international markets shrank profit margins for Turkey's textile and ready-to-wear sectors.

Product volume declined 11.8 percent in 2005, and volume of ready-to-wear products dropped sharply by 12.5 percent.

Since last year, almost 50 textile companies had to either focus their investments to other country or simply close operations.

Textile sector had a disastrous year in 2005, when employment, public taxes and the overvaluation of the Turkish lira adversely affected the economy, he opined.

Remedy for unemployment and provincial backwardness is to shift textile investments towards Anatolian cities, he reasoned.


Must ReadView All

Pic: Pexels/Hugo Heimendinger

Textiles | On 25th Feb 2021

Vietnam's growth outlook linked to response to new

Vietnam’s growth prospects will depend on how well and quickly its...

Pic: Puma

Apparel/Garments | On 25th Feb 2021

Puma reports sales of €5.2 bn in FY20

Puma, a Germany-based manufacturer of athletic and casual footwear,...

Pic: Zalando

E-commerce | On 25th Feb 2021

Zalando expands online store Zircle to Sweden & Denmark

Zalando has expanded Zircle, a webshop dedicated to consumers looking ...

Interviews View All

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer <b>Suman Nathwani</b> talks about...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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

Leave your Comments


February 2021

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


Advanced Search