Home / Knowledge / News / Textiles / Textile sector contributes 10% to Peru's GDP: Minister
Textile sector contributes 10% to Peru's GDP: Minister
28
Oct '13
The textile sector generates about 6 billion soles in added value and it currently contributes 10 percent to the nation’s manufacturing Gross Domestic Product (GDP) and 1.5 percent to National Domestic Product (NDP), Peru’s Minister of Production Gladys Triveno said at the Expotextil Fair 2013 that saw participation of more than 200 exhibitors, according to an official statement.
 
The Minister emphasized that the Peruvian textile sector is inclusive as it allows participation of all sizes of companies and employs 27 percent of the economically active population (EAP) engaged in Peru’s manufacturing sector.
 
The Peruvian textile and garment sector comprises of 34,370 formal enterprises, of which 94 percent are micro enterprises, 5 percent are small businesses, and 0.7 percent are medium and large companies.
 
Ms. Triveno congratulated the organizers of the fair and said that the fair would contribute in helping the domestic textile and apparel industry overcome the difficulties posed due to contraction of the Venezuelan market and the slow recovery of American market.
 
Under the MYPeru initiative, the Government managed to buy 5.3 million garments, such as school uniforms and uniforms for the National Police, from Micro and Small Enterprises (MSE), the Minister said.
 
“The benefit is not only for the MSE, but also for suppliers of inputs and services that come from the domestic industry," she said. 
 
She informed that the demand for military clothing and hospital clothing this year is 668,000 pieces, which would require an investment of 16.8 million soles, and creates a great opportunity for MSEs in the country.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Oct 2021

China hopes to attract over 1 trn yuan of foreign investment in 2021

China is expected to attract more than $156.51 billion of foreign...

WTO Deputy Director-General Anabel González PIC: WTO

Textiles | On 25th Oct 2021

Digitised logistics services smoothening supply chain operations: WTO

The digitalisation of logistics services, accelerated by the...

Pic: Shutterstock

Textiles | On 25th Oct 2021

Hong Kong to strengthen status as global shipping centre: Minister Li

The Hong Kong Special Administrative Region will strengthen its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Dave Rousse, INDA

Dave Rousse
INDA

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

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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


October 2021

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


Advanced Search