The meeting focused on expanding such collaboration to back domestic manufacturing, raise value-added production and boost exports, a statement from the ministry said.
The meeting reviewed the status of the project to develop the country’s spinning and weaving industry, being executed across several state-owned companies. These include Misr Spinning and Weaving in El Mahalla El Kubra, Kafr El Dawar, Shebin El Kom, Damietta, Dakahlia, Helwan, and Upper Egypt Spinning and Weaving in Minya.
El-Shimy said the first phase of the project was successfully completed and operational over a year ago, while work is under way to finalise and operate the second phase.
The third phase is expected to be completed in the coming months, marking a comprehensive transformation of this strategic sector, according to domestic media outlets.
The plan also includes implementing an enterprise resource management system and upgrading older factories, the minister was cited as saying.
Fibre2Fashion (DS)
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