RUSSIAN GOVERNMENT TO ATTRACT PRIVATE FUNDS TO DOMESTIC TEXTILE INDUSTRY
October 1st, 2016
The Russian government is planning to facilitate up to USD300 million in private investment for the development of the national textile industry, according to an official spokesman of Denis Manturov, Russia’s minister of industry and trade.
He told WTiN.com that funds would be invested in the establishment of large-scale facilities specialising in textile production, with the aim of ensuring that such plants would be located across the country.
The ministry wants to deal with a long term problem, that share of private money in Russian textile sector ...
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