Urkish Textile and Apparel Industry

TURKISH TEXTILE AND APPAREL INDUSTRY Market Overview framework and array attention has a great contribution to the Turkish economy. The sedulousness is considered as the locomotive of the Turkish Economy for years. The industrialization efforts in the 60s and 70s gave birth to the modern material industry in Turkey. At the beginning, this sector was operating as fine workshops. But the sector showed rapid development and during the 1980s began exporting. Today, Turkey is wiz of the important textile and clothing producers and exporters in the world. Turkeys textile and clothing manufacturers began relocating production in Eastern Europe and central Asia. In the recent years, Turkish textile and apparel companies set about raising difficulties after the quota system contained on January 1, 2005. The end of the quota regime has created fears of job losses virtually the world, including in Turkey, whose feature textiles and apparel exports stand at around $20 mavin thousand million a year. Current scenario of Textiles and Apparels in Turkey The textile sector keep to be one of the major contributors to the Turkish economy, being one of the fastest growing sectors in the 1990s with an average 12.2% annual growth, while the Turkish economy had an average growth of 5.2% per year.

Textile industry started out in the 1960s in slight workshops, have rapidly developed and transformed Turkey into a global competitor. The total number of firms in the sector, dominated (95%) by the private sector, number around 44,000 and 25% of them are prompt exporters. The apparel industry is constituted mainly (80%) of small and fair sized firms whereas the technology-intensive textile production has been undertaken by large-scale companies. Today, around 20% of Turkeys 500 largest companies are involved in the textiles and apparel sector. Low labor costs, a qualified workforce, comparatively cheap raw materials have played an important design in the significant growth of the sector; as healthy as a liberalized... If you want to get a complete essay, order it on our website: Orderessay

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