9th Development Plan details present & future state of textiles
25 Apr '06
1 min read
Prime Ministry State Planning Organization in its 9th Development Plan Textile Specialization Commission Report has revealed the anticipated future of the country's textile industry.
A study reports that if the textile sector is successfully revived, then the value of production will soar up to 125 percent by 2013.
This will transform Turkey into a market leader producing middle-upper class goods as a supplier country.
This will lead to almost 10 percent growth per year in investments in yarn, woven and knitting sectors.
Even the unit rates are expected to rise 10 percent each year.
Production of textile products should improve by about 10 percent annually.
However, report also explained about the negative effect on the industry.
Report foresees that if the sector continues with the 'save the day' policy, then by 2013, the textile industry production will decrease at least 34 percent and the its revenue will be down 30 percent.
In such case, yarn, knit, textile, carpet and sock output is expected to decline about 4.5 percent each year.
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