Minister Kacır: Path opened for 1.7 trillion lira investment in textile and apparel
With investment incentives provided over the last 23 years, the employment target of approximately 1 million people in the textile sector has been reached and billions of liras of resources have been transferred for projects.
Industry and Technology Minister Mehmet Fatih Kacır announced that with investment incentives granted over the past 23 years, the path has been opened for 1.7 trillion liras of investment and approximately 1 million jobs in the textile and apparel sector.
Industry and Technology Minister Mehmet Fatih Kacır attended the opening ceremony of the Istanbul Apparel Exporters' Association (İHKİB) Innovation and Design Center, established in Bağcılar Mahmutbey, which consolidates İHKİB's operations in a 14,000-square-meter area. Trade Minister Ömer Bolat also participated in the opening of the center in question.
Minister Kacır stated in his speech at the ceremony that a total of 3.8 billion liras in support was provided to 634 projects aimed at improving the production capacity, efficiency, and innovation capabilities of the sector through development agencies. He also noted that within the scope of the Local Development Move Program, projects in the fields of creative industries, design and fashion centers, and qualified cultural industries were supported.