baby & kid store February 2022

The heart
of the
Russian textile
industry beats in
Ivanovo…
Ivanovo Region, the textile center of Russia, attracts
great interest from investors in Turkey
February 2022 | About Us
Russia’s vast geography is an important
determinant of its economic activities,
with 30 percent of the world’s richest
known natural resources.
Moscow, the capital of Russia, is one of the
largest cities in Eastern Europe. The city
has an extensive transit transportation
network and is the world’s leading urban
economy. Ready-made clothing production
in Moscow, which is an industrial city,
is 63.3%. The capital, which has a high
market potential, aims to expand its
trade volume with the Vietnam Light
Industry Zone in Serpukhov. A total of 280
Vietnamese are employed in the industrial
zone, which consists of Vietnamese textile
and ready-made clothing companies.
Ivanovo, one of the fastest developing
regions of Russia in the field of textile
and apparel, is located 300 kilometers
northeast of Moscow. Half of Russian
textile and apparel operates in this region.
Ivanovo, one of the most important trade,
investment and industrial centers outside
of Moscow, is described as the heart of
the Russian textile industry. There are
more than 1500 companies engaged
in textile production and trade in the
region. Nearly 50% of these companies
are manufacturers. There are 9 trade
centers in the region and more than 650
companies operate in 3 of them. The
region has a serious production in the field
of apparel.
Russia’s ready-to-wear imports include
products such as t-shirts, undershirts,
sweaters, men’s sweaters and trousers.
Women’s clothing products include jeans,
cardigans, and vests. The high potential
and attractiveness of the Russian retail
apparel market has facilitated the entry of
new players from other sectors into this
market.
Delivering the product to the market
safely and on time is as important as
producing the product. Turkey has great
potential in international transportation
due to its geographical location. In the
transportation sector, in addition to
being reliable over long distances, sea
and rail lines come first in terms of cost.
Turkey’s exports to Russia include food
products, weaving products, chemicals
and automotive industry products. The
products exported to Turkey by Russia are;
petroleum products, natural gas, iron/steel
and coal. Exports from Russia to Turkey
increased by 21.1 percent to 7 billion 189
million dollars, while imports from Turkey
to Russia increased by 27.8 percent to 1
billion 938 million dollars. Russia exports
the most substances such as mineral fuels
and oils to Turkey, and imports the most
fruit from Turkey. In terms of developing
trade and making the market potential
more effective, Russia was determined by
our Ministry of Commerce as one of the
target countries for the period 2020-2021.
Turkish investment in the Ivanovo
region…
With the Turkish textile factory to be
opened in the city of Kineshma in the
Ivanovo region of Russia, 4 billion rubles
will be invested in the region. A protocol
was signed between Diyarbakir, one of
Turkey’s agricultural cities and cotton
production, and Ivanovo, Russia’s textile
and ready-to-wear center. The purpose
of signing this protocol is to be visible
nationally and internationally and to create
brands in the medium and long term.
With the bridge built between Ivanovo
and Diyarbakir, the unemployment rate
is expected to decrease in the activities to
be carried out in the region, which has a
heavy employment for textile and readymade
clothing.
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