CBE: Egypt's annual core CPI inflation quickens to 13.1% in May    Egypt's gold reserves inch up to $13.679b in May – CBE    Egypt's FM hails decade of strategic ties with China    Microsoft offers free AI cybersecurity to European govt.    Egypt's Sisi, UAE's Bin Zayed discuss Gaza ceasefire, regional stability    Egypt's EHA partner with Entlaq to advance health sector digitalisation    Egypt plans largest-ever Arafat Day meal distribution, citing national unity    Germany's service sector contracts sharply in May '25    Egypt's EDA holds strategic talks with Pi Pharma    Egypt's Abdelatty, Benin FM discuss bilateral ties, African security    Egypt unveils comprehensive new export rebate programme    Egypt pledges stricter controls on psychotropic drugs amid concerns over misuse, smuggling    Egypt hosts 3rd International Climate, Environment Conference to advance sustainable innovation    Egyptian FM, visiting Indian MPs discuss strategic ties, regional security    Three real estate platforms seek FRA licensing for investment funds    Egypt details economic strategy, private sector empowerment to Goldman Sachs    Egypt becomes first country in Eastern Mediterranean to meet WHO target for hepatitis B control    IAEA Chief, Egypt's Al-Sisi discuss nuclear non-proliferation, regional stability    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    New Alamein City to host Egypt International Sculpture Symposium, "ART SPACE"    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt unearths rare Coptic-era structure in Asyut    Amun-Mes named as owner of Luxor's Kampp 23 tomb after 50-year mystery    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Industry Ministry discusses ways to support textile industry
The National Strategy for Textile Industries aims to increase exports to $10bn by 2025, said Kassim
Shaimaa Al Aees Published in Daily News Egypt on 10 - 10 - 2015

The Ministry of Industry and Foreign Trade is working on providing support to develop and increase the competitiveness of the textile sector for exports.
Minister of Industry and Foreign Trade Tarek Kabil announced in press statement on Saturday that the ministry is working on eliminating the challenges that led to a decline in exports during the last period.
Kabil noted that the textile industry has a competitive advantage and large capacities can be exploited to double Egyptian exports to global markets.
During a meeting with members of the Supreme Council for Textile Industries, the minister discussed the challenges facing the textile and home furnishings sector and the necessary solutions to assist the development and reformation of this industry.
Kabil said the government attaches great importance to increasing the value of the Egyptian industry and supporting sectors that have a competitive advantage.
"It is important to review production costs within the textile industry and improve the quality of its products to increase its competitiveness in the domestic and overseas-market," added Kabil.
On his part, Vice-President of the Supreme Council for Textile Industries Mohammad Kassim presented the National Strategy for Textile Industries by 2025, which aims to transform Egypt to into a leading North African and the Middle Eastern country in the field of textile industries.
In addition, it aims to make Egyptian products a main source for major companies and traders in the world by raising the productivity and competitive edge of the Egyptian textile industry.
Kassim added that textile sector exports amounts to $2.8bn and the strategy aims to increase exports to $10bn by 2025.
Furthermore, the strategy will create new employment opportunities, train 500,000 engineers, workers and technicians and attract foreign and local investments, which is could potentially reach $13.5bn.

Clic here to read the story from its source.