The same data has also pointed out that Egypt’s Exports of Yarns and Fabrics was 2,8 billion pounds during the last year when compared to 3,1 billion pounds in year 2008 referring to the recovery of the exports in the fourth quarter of the last year (2009) and the first quarter of (2010), where exports of the 1st quarter of 2010 reached 865 million pounds with a percentage increase 48% compared to exports of the 1st quarter of 2009. .
The Vision of the Export Council for the development of the textile industry to increase the Egyptian Exports is through the expansion in the existing markets and entering new markets as well as the participation in international fairs, improving product quality and reducing it’s cost. Also replacing the imports with local inputs by increasing the production capacity in the textiles, where increasing the production capacity will be through providing production inputs of natural and artificial fibres.
Data from the RMGEC stated that Investments of Spinning and Weaving amounted during the period between 2006 and 2009 about 4,074 billion pounds over 2,8 billion pounds domestic investments, 209 million pounds Arab Investments and about 1,026 billion Foreign Investments.
While Data from the General Authority For Investments said that Investments declined during the year 2009, where Arab Investments was 3 million pounds, 352 million pounds for Egyptian Investments and 64 million pounds for Foreign Investments to reach a total investments of 414 million pounds.
Date:5/24/2010
Source:www.knittingindustry.com