• Clothing and textile factories in Russia have invested 2.4 billion rubles

  • Investments in fixed capital in the textile and clothing industry from January to July this year amounted to 2.4 billion rubles, said in a press release of the Ministry. In the leather and footwear factories in the same period, has invested 400 million rubles.

    While employment in these industries remained at last year's level: 264 thousands of people working on textile and clothing factories, 43 thousand are employed in the leather and footwear industry. Salaries for the six months increased by 8 and 13 percent to between 17 and 20 thousand, respectively.

    Deputy Minister of industry and trade Viktor Evtukhov said that the issue of domestic products of light industry grew on the background of the devaluation of the ruble and the deferred effect of import substitution. "The reduction in imports has opened up great opportunities for Russian producers, which successfully fill [vacant] niche. Today, almost all large retail chains the goods of the Russian manufacturers of home textiles, clothes and shoes," he explained.

    The rise in the industry, he said, also contributed to the measures of state support. In particular, in 2015 the leather and footwear sector showed a positive result after the introduction of interest subsidy on loans for working capital. Evtukhov said that preferential loans have used 42 of the enterprise, the volume of subsidies has exceeded 650 million rubles.


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