Turkish textile firms are struggling to cope with the tough situation of rising informal employment, energy costs and constitutional problems.
Increasingly fierce competition from Asian giant, China, is also adversely affecting the textile sector.
Textile sector's deterioration has forced foreign investors to seek opportunities in other fields.
During January through February period, last year, almost 18 companies were set up that were backed by overseas investments.
However, this year the number has come down to four, of which three firms have been established recently and one has started to participate in operations .
Studies show that investors are opting for construction and real-estate fields in Turkey, considering them as more profitable.
Due to high production and labour costs many Turkish firms are looking to relocate their operations to cheaper countries.
According to Undersecretariat of Treasury statistics, foreign capital worth US $391 million went up this year, during January through February period.
Top investors came in from Germany, who established around 71 companies in Middle East and 72 firms in Turkey.
Fibre2fashion, NewsDesk - Turkey
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
