Russian to focus on improving its domestic textile industry

Russian Prime Minister Dmitry Medvedev mulling over improving domestic textile industry for which a meeting will be held on Friday in the Russian city of Ivanovo, known as Russia’s textile capital.

The participants in the meeting will consider the situation in the textile industry and its prospects alongside primary supplies to the textile industry and an impact of illicit manufacture and illegal imports of goods on the industry.

Medvedev is expected to visit the Krasnaya (Red) Talka Factory, textile company which was set up in 1780 as a cotton printing and dyeing factory, specialises in cotton fabric.

Over the six months of 2014 the Russian textile factories has received subsidies for purchases of primary goods, technical modernisation and investment projects disbursed from the budget amounting at 500 million roubles ($12.03 million).

The textile industry in Russia has an ethical tradition and commands respect in the global market. Though the Russian textile industry faced challenges in the past, it is now emerging as a competitive industry capable of foreign investment. Ivanovo city is rich in the production of cotton textiles.

Recent Posts

Loftex promotes sustainability with innovative towel collection

Loftex USA is strengthening sustainability with the launch of eco-friendly towel sets, blending innovative performance features with luxurious designs.

2 hours ago

Toray Industries produces sustainable acrylic fiber

Toray Industries, Inc. announced that starting this April, it will implement the mass balance approach in manufacturing its TORAYLON™ acrylic…

2 hours ago

Cxffeeblack, COMOCO Cotton develop sustainable t-shirt

Cxffeeblack has joined forces with COMOCO Cotton, a sustainable textile company, to create a special coffee-dyed T-shirt made from unbleached…

2 hours ago

Nikwax launches new standard in waterproof down technology

Nikwax has unveiled its latest innovation, the Direct.Dry Down line, setting a new benchmark in waterproof down with great performance…

1 day ago

Wrangler, Accelerating Circularity launch recycled cotton jeans

Wrangler x Accelerating Circularity jeans are proving that post-consumer and post-industrial cotton can be effectively reused in everyday clothing.

1 day ago

Bcomp, Tras introduce flax-based composites to moto racing

Swiss cleantech innovator Bcomp has partnered with Japanese composite specialist Tras to bring natural fibre solutions to the world of…

1 day ago