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Textile sector sets ambitious export targets for 2010

29
Dec '09
The Turkish exporters are becoming more and more optimistic with each passing day as signs of recovery, began to show up from the last quarter of 2009. Order positions too have begun to perk up in the last few fortnights and industry hopes to cross US $110 billion in exports in 2010.

This optimism comes from the fact that the Turkish exporters have now started diversifying their shipments to a larger pool of regions and countries like the Central Asian countries, Middle East and Africa, apart from its traditional customers in the European Union.

It is also expected that shipments from the textile sector will increase by about 15 percent in 2010, indicating deferred demand and depleted stocks as the driving forces behind this rise and export value is projected to touch $6-6.5 billion in 2010.

Fibre2fashion News Desk - India


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