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Textile attracts most capital inflows in Istanbul

24
Apr '07
Istanbul Chamber of Commerce (ITO) statistics show that textile industry attracted maximum foreign investments in 2006 with Netherlands taking spot both in joint ventures as well as capital inflows.

The Netherlands accounted for over 14.8 percent of the total investments, followed by Germany at around 14.6 percent and England at 6.9 percent.

More than 2,335 foreign-based corporations with a total YTL 215.3 million capital started operating in Istanbul.

Netherlands-based enterprises have 18.42 percent share of the total capital that came to Turkey.

Italy, Israel and Germany accounted for11.53, 9.81 and 9.74 percent of the inflows in the country, respectively.

Textiles generated 8.9 percent of the total number of foreign partnerships and brought in 21.9 percent share of the total capital invested in newly established companies in Istanbul.


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