;
Home / Knowledge / News / Textiles / MOEA opens the 'Textile Industry Development Facilitation Office'
MOEA opens the 'Textile Industry Development Facilitation Office'
08
Aug '08
To expedite the upgrading of domestic textile industry, the Ministry of Economic Affairs (MOEA) has developed three “A Hundred Billion” programs by integrating its internal resources and gathering opinions from the industry, academic and research circles. The three programs are, respectively, “Technical Textile Productivity Doubling Project”, “Functional Textiles Development & Promotion Alliance” and “Taiwan in Fashion”.

Following the successful model of the “Two Trillion and Twin Star Program” for the electronic industry, MOEA has established the “Textile Industry Development Facilitation Office”. The sign unveiling ceremony was held at 9:00 am, Thursday, 31 July at 4F, Taiwan Textile Federation Building, 22, Ai-Guo East Road, Taipei, hosted by Mr. Shih Yen-Hsiang, Vice Minister of the MOEA.

This is an innovative and creative mechanism to put together resources of various legal organizations, headstream and downstream units of the textile industry, as well as cross-industrial efforts to achieve a synergy effect for industrial R&D, production and marketing, thereby attaining the industrial goal of a NTD580 billion productivity by year 2015.

The Textile Industry Development Facilitation Office will serve as the coordination center for the three “A Hundred Billion” programs. Through a series of seminars, the Office will facilitate cooperation among the headstream, middle and downstream units of the textile industry, as well as cross-industrial alliance, so as to identify their target products in common.

It is hoped that, with the various incentive programs from the government including coaching programs, subsidy plans and technology transfer-in, etc., the parties can work on the relevant product development or investment plans collaboratively and create new business prospects for the functional and technical textile products.

“Technical Textile Productivity Doubling Project”, the first project team to join the Office, will coordinate the relevant associations including Taiwan Technical Textile Association, Taiwan Private Equity & Venture Capital Association and Taiwan Composites Association to achieve a new investment target of NTD80 billions in year 2015, and a productivity target of NTD180 billions for the technical textile products.

The “Functional Textiles Development & Promotion Alliance” will facilitate the cooperation of 25 strategic alliances for new product differentiation. By developing the functional raw material and synergizing the production dynamics of the headstream, middle and lower stream units, the program aims to achieve a productivity of NTD100 billions for the differentiated derivative products. “Taiwan in Fashion” is a project connecting the professionalism of trading companies, collective marketing, talent development and environmental building, etc. to, indirectly achieve a productivity of NTD100 billions.

Textile industry has long been the greatest contributor to Taiwan's foreign exchange income, evidenced by an accumulated foreign exchange contribution of more than USD230 billions since year 1981. It is the lifeblood for the country's economic development. In terms of economic contribution, the textile industry has created, at its peak time, an annual productivity of NTD610 billions and an export value of USD13.2 billions.


Must ReadView All

Textile-garment park inaugurated in Ethiopia's Jimma

Textiles | On 15th Dec 2018

Textile-garment park inaugurated in Ethiopia's Jimma

President Omar al-Bashir of Sudan, President Ismail Omar of Djibouti...

Some trying to create unrest over wages: Bangla minister

Textiles | On 15th Dec 2018

Some trying to create unrest over wages: Bangla minister

Some people are trying to create unrest in Bangladesh over the...

Condition of Cambodian garment workers improves: ILO

Apparel/Garments | On 15th Dec 2018

Condition of Cambodian garment workers improves: ILO

Cambodia has seen remarkable improvements in labour standards in the...

Interviews View All

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

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...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

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


December 2018

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

news category


Related Categories:

Advanced Search