Related Keywords: ethical tradition, fashionable fabrics, foreign clothing brands, Global clothing brands, global market, long term tax break, new investment projects, produce synthetic fabrics, Russian textile industry, Russsian authorities, share of market, synthetic fibers and yarns
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 nineties, it is now emerging as a competitive industry. The Russian authorities have invited foreign clothing brands to localize their production in Russia, with new factories being offered long-term tax breaks until 2025, Deputy Industry and Trade Minister Viktor Yevtukhov said.
