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Clothing & textile sector attracts good FDI inflows

28
Oct '09
Since the beginning of the 1970's, Tunisia has adopted a very favourable policy towards attracting foreign investments into the country, by providing numerous incentives.

This has helped the country attract a good amount of investment in recent years, mainly from France, Germany and Italy who together account for 85 percent of the investments.

In 2009, foreign investments increased by 9.5 percent to reach US $1.59 billion and which also mainly targeted the energy and manufacturing sector.

When compared with 2008, foreign investments in sectors like textiles and apparels have risen by 181 percent, plastics 449 percent and in electronics it grew by 17 percent in 2009.

Foreign investments have helped create 9,770 jobs of which 8,342 are in manufacturing sector.

Fibre2fashion News Desk - India


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