RUSSIAN TEXTILE INDUSTRY COULD SECURE GROWTH UNTIL 2030 – BUT PRODUCTIVITY MUST RISE, SAYS GOVERNMENT
September 1st, 2018
THE RUSSIAN textile industry will grow by almost 5% annually until 2030, but this will not be because of exports, but mainly due to growing domestic demand, according to recent report from the Russian Academy of Sciences (RAS) released on July 30. Commenting last week (Sept 2018) to WTiN.com. an official spokesman for Alexander Sergeev, the academy’s president predicted to that the fastest growth in production will be between 2021 and 2025 with annual growth rates of between 6.3% and 8%. However, the growth will steady in the next five years, according to ...
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