Egypt Seeks Help For The Development Of Textile And Garment Industry

In order to better support the development of "a target=" _blank "href=" http://www.91se91.com/ "textile" /a "industry and small and micro enterprises and handicraft industry, the Egyptian Parliament House of Lords has sought funding from Switzerland to better support the development of its textile industry and small and micro enterprises and handicrafts, while promoting the construction of national infrastructure." P "

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< p > Egypt has more than two times the price per kilogram of yarn.

Mohamedel-Morshedi, President of the Federation of textile industries of the Federation of Egyptian industries, said: Egypt's textile industry with several decades of history is experiencing "a very critical situation". Last September, the same yarn crisis struck the domestic textile industry in Egypt, causing some production enterprises to withdraw from the market, because domestic and foreign "a href=" http://www.91se91.com/news/index_c.asp "yarn price < /a > a record high.

According to him, cotton prices have reached the highest level since the American Civil War (1861-1865), when cotton prices rose from 10 cents / pound in 1860 to 1.90 dollars / pounds in 1863-1864 years.

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About 51% of the textile factories in the Al-Mahallael-Kobra Delta city stop operation, and the rest of the factories gradually reduce labor force (P).

In Egypt's textile capital Al-Mahalla, 650 thousand workers in Egypt's textile industry are facing unemployment. After the January 25th revolution, Egypt needs to make great efforts to drive the wheels of the economy.

Woven, textile, cotton and < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > Mohssenel-Gilani, chairman of holding company.

"The government will inject funds into the troubled state-owned enterprises.

However, it does not intend to inject funds into private enterprises, and holding companies hope that the government will take relief measures to solve the difficulties with fair yarn prices.

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< p > according to the public mobilization and Statistics (CAPMAS) report of the central agency, the Egyptian fiscal year a href= "http://www.91se91.com/news/" > cotton export < /a > reached 2 million 200 thousand T in the fiscal year 2010/11.

Domestic manufacturing enterprises consume 4 million metric tons a year to maintain production lines.

It is equivalent to 150 kilograms of cotton per kilogram, or 45 kilograms of cotton ginning.

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< p > the international cotton advisory board (ICAC) reported that global cotton prices actually dropped in April, and the CotlookA index dropped to 1.73 cents / pound from last month's record of 2.44 US dollars / pounds.

But prices remain at a very high level in history.

But the London based organization predicts that the yarn demand will be reduced due to the competition of < a href= "http://www.91se91.com" > cotton price < /a > high and "a href=" http://www.91se91.com > chemical fiber < /a >.

The Egyptian factory was hit by a severe crisis of raw material shortage.

There is no yarn and cotton in the market.

Private factories have also been closed in time.

People in the industry called on the government to take immediate measures to save the < a href= "http://www.91se91.com > textile industry < /a >.

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(P) according to Egyptian daily news, the upper house of the Egyptian parliament has sought funding from Switzerland to better support the development of its textile industry and small and micro enterprises and handicrafts, while promoting the construction of national infrastructure.

The Egyptian Joint Commission, composed of representatives from the upper house's finance and public administration, said the demand was based on an agreement signed between the two countries, which includes strengthening cooperation in finance, logistics and human resources.

The Egyptian Joint Commission also called for greater support for its comprehensive projects, including financial support for the basic input of the textile industry and increased support for infrastructure projects to meet the needs of the Egyptian provinces for the development of the industry.

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