Home / Knowledge / News / Textiles / Textile union body chief sees light after long period of darkness

Textile union body chief sees light after long period of darkness

29
May '09
The President of the Turkish Textile, Knitting and Clothing Industry Workers' Union (TEKSIF), Nazmi Irgat said that the depressed textile sector has started to see light after a long period of time.

The darkness Nazmi Irgat refers to is the slowdown witnessed by the sector, due to which numerous factories have either closed down or are operating at very low production capacities, leading to a high number of job losses.

According to the Irgat, the crisis was profound, more so to do with the credit squeeze experienced by most textile companies and also due to a dip in orders from their overseas markets.

But he added by saying that, since the last few weeks, there are signs of recovery which is a encouraging sign and could help in garnering investments into the sector, which will help it get back on the tracks at a faster rate.

He urged the government to take the initiative form now onwards and steer the textile sector towards a better and healthy future.

Fibre2fashion News Desk - India


Must ReadView All

Prime Minister Sheikh Hasina. Bayazid Akter | Dreamstime.com

Textiles | On 1st Dec 2021

PM Hasina urges global investors to invest in Bangladesh

Prime Minister Sheikh Hasina recently urged investors from across the ...

Pic: EuroCham

Textiles | On 1st Dec 2021

EU asks Vietnam to improve policies for effective EVFTA implementation

Up to 35 per cent of European business leaders see administrative...

Pic: Marlee | Dreamstime.com

Textiles | On 1st Dec 2021

Eurozone inflation rate hits record 4.9% in Nov

Eurozone inflation reached its highest rate on record in November due ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Andrea Pelissero,

Andrea Pelissero

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

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Asif Rahman, MIP

Asif Rahman
MIP

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

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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 2021

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


Advanced Search