Russia woos big brands

Russia woos big brands

The Russian authorities have invited foreign clothing brands to localise their production in Russia, Deputy Industry and Trade Minister Viktor Yevtukhov says. Yevtukhov explains that State support programmes currently envisage subsidies for partially recovering the costs of materials,

The Russian authorities have invited foreign clothing brands to localise their production in Russia, Deputy Industry and Trade Minister Viktor Yevtukhov says. Yevtukhov explains that State support programmes currently envisage subsidies for partially recovering the costs of materials, technical upgrades and new investment projects. New factories can also enjoy long-term tax breaks until 2025. Furthermore, the ministry guarantees manufacturers who accept this invitation a share of the market from the state procurement order.
?Since in the Soviet era Russia had a well-established textile industry, our country can occupy a certain niche between the expensive European segment and the so-called cheap Asian-made consumer goods,? says Yevtukhov. One of the ways of achieving this goal, he explains, is to establish foreign manufacturers? production facilities in Russia, as is the case with the automotive industry. ?This is, of course, a task for the future,? he said. ?Having said that, our textile factories already have a good basis to build on.?
In particular, during meetings with the China National Textile and Apparel Council and some leading companies at the Super exhibition in Milan, it turned out that Chinese manufacturers view Russia not only as a distribution market for their goods but are also ready to invest in production in the country. At Southeast Asia?s biggest fashion event, the Mercedes-Benz China Fashion Week in Beijing, a three-year strategic cooperation was signed between the Russian Chamber of Fashion and the China Fashion Association.
The drive to localise production in Russia may bring down prices for clothes made in Russia. ?Consumer goods production requires a considerable safety margin in terms of prices. If in terms of quality there are no issues, in terms of costs, we are still running behind [our] Asian competitors,? Yevtukhov says.
He says that in the mass segment it is important to establish relations with large retail chains and to develop sources of raw materials. As for external markets, there are more prospects there for high-tech Russian goods, such as technical textiles and nonwoven fabrics. At the moment, this market accounts for about 30 percent of the industry?s sales. Furthermore, over the last five years the production of nonwoven fabrics in Russia has increased eightfold, while on the EU market, especially in Germany, technical textiles account for 50 percent of the industry?s growth.

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (33)
  • comment-avatar

    allergy med comparison chart common prescription allergy pills tablet for allergy on skin

  • comment-avatar

    strongest sleeping pills at walgreens buy provigil 100mg online

  • comment-avatar
  • comment-avatar

    ibuprofen for stomach ache purchase bactrim generic

  • comment-avatar

    low cost prescription acne medication order dapsone 100mg online cheap best medication for acne

  • comment-avatar

    best antihistamine decongestant combo order azelastine 10ml sprayers best nighttime medicine for allergies

  • comment-avatar

    oral accutane 20mg isotretinoin 20mg sale purchase isotretinoin for sale

  • comment-avatar

    buy amoxicillin 250mg generic order amoxicillin 500mg online cheap buy amoxil online cheap

  • comment-avatar
  • comment-avatar

    zithromax 500mg sale order generic zithromax zithromax 250mg tablet

  • comment-avatar
  • comment-avatar

    order azithromycin online cheap azipro medication azipro 500mg us

  • comment-avatar

    prednisolone 10mg for sale buy omnacortil generic order omnacortil 5mg generic

  • comment-avatar

    buy monodox without prescription purchase vibra-tabs generic

  • comment-avatar
  • comment-avatar

    cost levoxyl levoxyl brand synthroid canada

  • comment-avatar

    tizanidine canada buy tizanidine 2mg sale tizanidine uk

  • comment-avatar

    brand rybelsus 14mg rybelsus 14 mg for sale buy semaglutide 14 mg generic

  • comment-avatar

    cheap amoxicillin generic where to buy amoxicillin without a prescription order amoxicillin 1000mg online

  • comment-avatar

    buy gabapentin medication buy cheap neurontin neurontin 100mg drug

  • comment-avatar

    buy lasix generic diuretic buy generic furosemide over the counter furosemide 40mg ca

  • comment-avatar

    sildenafil viagra cheap viagra for sale sildenafil pills 25mg

  • comment-avatar

    purchase vibra-tabs online cheap buy acticlate for sale acticlate price

  • comment-avatar

    claritin order online loratadine 10mg brand loratadine 10mg us

  • comment-avatar

    buy aralen 250mg generic chloroquine drug buy aralen 250mg generic

  • comment-avatar

    buy crestor generic cheap crestor 20mg zetia online order

  • comment-avatar

    generic ketorolac how to get colchicine without a prescription colcrys without prescription

  • comment-avatar

    methotrexate 2.5mg pill buy medex for sale order generic warfarin 5mg

  • comment-avatar

    acillin tablet purchase penicillin online purchase amoxil online

  • comment-avatar

    buy cipro tablets – bactrim pill amoxiclav brand

  • comment-avatar

    atarax over the counter – order sarafem 20mg pills endep 10mg usa

  • comment-avatar

    micronase pills – buy glyburide 2.5mg generic forxiga online

  • comment-avatar

    purchase prandin sale – buy repaglinide online jardiance 10mg usa

  • Disqus ( )