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Egyptian Prime Minister to look into plan to revive textile industry

YarnsandFibers News Bureau 2016-03-31 15:00:00 – Cairo

The Egyptian Prime Minister Sherif Ismail will be holding a meeting to look into a plan to revive the textile industry. The plan includes mechanisms to implement the development process of the industry in a way that reduces Egypt’s imports of clothes and textiles. Cotton should be provided sufficiently to the local market, especially the types appropriate for the industry.

Government spokesperson Hossam El-Kawish said that the government is working to increase the production capacity of the textile and clothes sector in order to limit their importing and increase the sector’s exporting abilities.

According to El-Kawish, Ismail informed all concerned authorities that it is important to quickly complete the studies of the establishment of the textile city in Minya. The city is expected to include the latest instruments and technological equipments used in the textile industry, in addition to machines for reaping cotton crops.

El-Kawish revealed that studies are ongoing for the establishment of textile zones close to agricultural and rural areas. The aim is to reduce costs and create new job opportunities in the region.

The government is working on tightening control over all border openings in order to prevent the smuggling of clothes imported from outside, whether new or used. This will help maintain and support markets as well as the local industry.

Egyptian textile industries accommodate many jobs, especially jobs for women. They are also connected to various activities and small- and micro-supplementary businesses.

According to a source in the cabinet, the Prime Minister to hold meeting in the presence of the ministers of commerce, industry, finance, and the public business sector, in addition to the head of the Federation of Egyptian Industries (FEI) and the governor of the Central Bank of Egypt (CBE), as well as representatives of a number of companies to discuss plans to revive the Egyptian textile industry

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