Textile Industry in russia

TEXTILE BUSINESS MARKETS IN RUSSIA

The textile industry in Russia is third largest contributor to GDP after Food and Beverages industry. The Russian textile industry heavily manufactures technical textiles rather than the commercial apparels and garments that of denims and casual wear apparels. The Russian textile industry relies heavily on the foreign investors rather than the native investors. Almost 80% of the textile market is controlled by foreign investors and 20% by the Russian investors. In order to satisfy its domestic demands, texpreneurs from Russia have opted for the potential markets that can cater to the ever growing domestic demands of the nation.