RUSSIAN GOVERNMENT RELEASES MAJOR TEXTILE SECTOR INVESTMENT PLAN
June 1st, 2017
THE RUSSIAN government has announced that is planning to invest an additional Russian Rubles RUB145 billion (USD2,5 billion) into rejuvenating the country’s textile manufacturing sector. In the latest initiative designed to kickstart this ailing industry, the ministry of industry and trade has release a new approved strategy (on May 25) – it is designed to run until 2020.
Viktor Evtukhov, Russia’s deputy minister of industry and trade, told WTiN.com via a spokesperson that the goal of the strategy was to increase of the share of domestically-made textile ...
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