Government Initiatives in the Textile Industries Around the World

For many countries, the textile industry is integral to their economy and the quality of life for their citizens—so when the textile industry in a particular country goes into decline and starts to lose jobs, or is just not performing as strongly as it could be, it’s in the government’s best interests to intervene. Government initiatives are an excellent way to revitalize textile manufacturing, create jobs, promote the purchase and support of domestic textile and apparel products, and protect the livelihood and stability of the industry and economy. Here are some of the most lucrative and supportive government initiatives growing the textile industry across the globe:

 

Nigeria

 

In February of this year, the Nigerian government announced the allocation of USD 162 million for the revitalization and recovery of the Nigerian textile industry. These funds will go towards stimulating growth in the industry, creating jobs, encouraging the purchase of locally-made textiles and clothing, and combatting the threats of counterfeit and smuggled textile goods. This allocation will also be used to improve infrastructure, especially access to electricity, which is key for textile manufacturers. It is also expected to help increase cotton production and quality.

 

India

 

The New National Textile Policy, announced in 2016 by the Modi government, is a government package worth USD 894 million. This package supports labour reforms in relevant sectors such as yarns, made-ups, and fabrics, and is expected to help the textile industry in India outpace competitors like Bangladesh and Vietnam. It will increase textile exports and is expected to create millions of new jobs. India’s Make in India initiative, which promotes job creation and manufacturing within India, will also help to boost the success and growth of India’s textile industry.

 

Malaysia

 

Malaysia’s Third Industrial Master Plan, which will be in effect until 2020, is encouraging the growth of the textile industry. The plan focuses on the growth of industrial and home textiles, functional fabrics, high-end fabrics and garments, and the establishment and improvement of support facilities and services like design houses, fashion centres, and specialized dyeing and finishing facilities.

 

USA

 

Last year, former US President Barack Obama announced the establishment of a new fibres and textiles manufacturing innovation hub in Cambridge, Massachusetts, and more than USD 2 billion in manufacturing research and development investments. The Revolutionary Fibers and Textiles Manufacturing Innovation Institute is combining USD 75 billion in federal resources and USD 250 million in non-federal investments to research and produce innovative textiles with novel properties. This initiative is creating textile industry jobs, continuing the promotion of the industry’s recovery from its decline in the 2000s, and promoting domestic textile printing, textile manufacturing, and textile manufacturers.

 

Thousands of the world’s leading textile companies can be in your contact list if you register to join BizVibe today! Whether you are looking for reliable suppliers, top textile manufacturers, wholesalers and potential customers in over 90 major countries, or finding out what your competitors are buying and which suppliers they’re using, BizVibe can help you reach out to sales prospects and decision-makers in the textile industry across the globe.

 

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