Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack    Global pressure mounts as Gaza fighting intensifies and death toll surges    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    At TICAD, Egypt's education minister signs pacts with Casio, SAPIX    Egypt holds special importance for our investments across diverse sectors: Japanese minister    Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities    Madbouly invites Japanese firms to establish industrial zone in SCZONE    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Al-Sisi meets Qatar PM, Bahrain security adviser to discuss Gaza crisis, regional stability    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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    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.



Manufacturers' request focus on textile sector
Panel explain 24% of non-petroleum exports are textile products
Published in Daily News Egypt on 11 - 10 - 2015

In the panel titled "Egypt to become region's manufacturing hub," the panellists discussed if Egypt can increase its industrial national product from $40bn in 2013 to $80bn in 2020 and $300bn in 2030.
The panel included Cairo Poultry Group Managing Director Tarek Tawfik, Abo Zaabal fertilisers and Chemicals Managing Director, the Egyptian German Automotive's CEO Ahmed Fekry Abdel Wahab, and the Board Member of the Egyptian Junior Association Hany El Habiby.
Panellists showed the industrial growth rate is 9% and said Egypt needs to increase this percentage to reach 13% in order to achieve their suggested development.
Egypt must focus on attracting investments to introduce new technologies, which in turn will help improve the added value to the industry.
Industrial training in Egypt needs development to improve and Egyptian workers have several qualities but need specialised training. They presented improvement suggestions for industrial lands, such as linking facilities and allocating lands for industrial matters.
Discussing on how to improve the textile industry in Egypt, they said 24% of non-petroleum exports are textile products. The sector already provides jobs for 1 million workers. They also stressed on making use of Egyptian cotton, which has huge value worldwide.
There are around 6,000 textile factories facing many difficulties and facing the danger of exiting the market, the panel said, noting that the government must focus on fixing the major problem instead of thinking about establishing 3,000 new factories.
"The government must have a vision on which sectors need more investments. The government can elaborate policies requesting investors to invest in certain sectors," Abdel Wahab said.
The panel said Egypt needs funds to implement such policies and that most investments are directed to consumption sectors instead of development.


Clic here to read the story from its source.