Egyptian textile producers demand government intervention

A textile production unit in Egypt asked the government to intervene in order to avoid competition growth caused by low-priced cotton imported from countries such as Pakistan and India.

Egypt is known for producing high-quality cotton, but in recent times, Egypt has increased the import of cheap cotton from the Indian subcontinent.

Arab Puervila Spinning Weaving Company is a major textile factory in Egypt. The factory was affected by this development. In July 2011, the production capacity was cut by one third. In the second quarter of the current fiscal year, the company suffered a loss of 2010 million Egyptian pounds, and its revenue dropped by 35.3%.

Due to the current economic slowdown in Egypt, Pulvera Spinning Weaving Company's prospects in the domestic market appear grey.

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