RUSSIAN GOVERNMENT SETS AMBITIOUS GOALS DESPITE CRISIS IN NATIONAL TEXTILE INDUSTRY
December 12th, 2014
THE RUSSIAN government is continuing its optimistic stance over the future of its textile industry, despite the fall in the Rouble, which will make imported inputs far more expensive for Russia-based manufacturers. Plans announced by the Russian ministry of industry and trade go as far as to claim the share of domestic producers in the Russian market for textile and light industry products will increase from 25% to 40% over the next three to five years. According to state plans, this expansion should be achieved despite the country’s ongoing economic crisis and ...
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