Egyptian Prime Minister, Ibrahim Mehleb recently announced that the government has decided to fully support textile workers to revive the industry, and that important decisions have been made toward developing the country’s textile sector as a whole.
According to Daily News Egypt, the meeting to discuss these plans took place Tuesday with attendees including the Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour, chairman of the Cotton and Textile Industries Holding Company, chairman of the Egyptian Chamber of Textile Industries and chairman of General Union of Textile Workers.
Mehleb ordered that two immediate meetings be set, the first to include the ministers of industry and agriculture and the officials of the Egyptian Chamber of Textile Industries, where they will decide on a policy for cotton cultivation. The second meeting will focus on deciding on a road map to develop the textile industry into a national project.
Egypt’s textile industry is currently struggling with a plethora of problems like absence of a clear policy for cultivating cotton and low liquidity of factories. The country is also facing issues with customs smuggling. The government is hoping to improve the industry and lower its rate of losses.
In a conference Sunday focused on a roadmap to save the textile industry, Minister of Manpower Nahed Al-Ashry stressed the importance of solving the textile indusry’s current troubles in order to maintain it.
Al Ashry shared that Mehleb has assembled a committee of several ministers to discuss the textile industry’s issues.
Minister of Finance Ashraf Salman said the Egyptian government is currently holding meetings with consultants who are specialized in the textile industry to develop an investment plan timetable.
The return on investment will be the basis for beginning the technical reconstruction of companies.
According to the Daily News Egypt, an unnamed source from the Holding Company for Spinning and Weaving said that managing the company’s critical obligations is the most important endeavor. These include wages, salaries, annual bonuses and the provision of raw materials. The source added these are its most relevant responsibilities toward increasing productivity, improving quality, developing sales, reducing the deficit and assuring the continuation of the production process at all production sites.