Home / Knowledge / News / Textiles / Taiwan's apparel & textile promotion project bears fruit

Taiwan's apparel & textile promotion project bears fruit

20
Jul '12
A three-phase project embarked on by Taiwan’s Ministry of Economic Affairs for promotion of domestic textile and apparel industries has started reaping results.
 
In its first and second stages from 2009 to this year, the project drew NT$ 62.6 billion or US$ 2.09 billion worth of investments in textile industry, leading to a rise in the industry’s output value from 2008’s NT$ 446.7 billion to NT$ 500.8 billion in 2011.
 
In the third phase of the project, the Ministry set up four design and sample centres over a year. Till now, the textile and apparel industry has received direct investments worth NT$ 280 million and other related investments worth NT$ 800 million under this stage.
 
The four centres, which include a socks making centre in Chunghwa County, a towel making unit in Yunlin County and an apparel producing unit in Taipei City, help domestic firms with designing their products and to test the market.
 
The said project has also inspired the local textile and apparel firms to develop their personalized brands and sales network. 
 
Pursuant to the project, the Ministry is hopeful that the domestic textile and apparel industry would develop five international brands, generating revenues of NT$ 2 billion per annum.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Retail | On 29th Jul 2021

UK department store Selfridges put up for sale for £4 bn

Canada's Weston family that owns Selfridges has put up the UK...

Pic: Shutterstock

Fashion | On 29th Jul 2021

Australians value ethical fashion but struggle to take action: Report

Australian consumers feel ethical purchasing is important, but are...

Pic: Shutterstock

Textiles | On 28th Jul 2021

Global economy projected to grow at 6% in 2021, 4.9% in 2022: IMF

The IMF recently projected the global economy to grow at 6 per cent...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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


July 2021

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


Advanced Search