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Russian prime minister to consider domestic textile industry

October 31, 2014, 6:46 UTC+3 MOSCOW

Medvedev is expected at the Krasnaya (Red) Talka Factory

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© Yekaterina Shtukina/TASS

MOSCOW, October 31. /TASS/. Russian Prime Minister Dmitry Medvedev will hold a meeting on improvement of the domestic textile industry on Friday in the Russian city of Ivanovo, known as Russia’s textile capital, the governmental press service said.

“The participants in the meeting will consider the situation in the textile industry and its prospects alongside primary supplies to the textile industry and an impact of illicit manufacture and illegal imports of goods on the industry,” the press service sad.

Medvedev is expected at the Krasnaya (Red) Talka Factory. This textile company, set up in 1780 as a cotton printing and dyeing factory, specialises in cotton fabric.

Over the six months of 2014 the Russian textile factories have received subsidies from the budget amounting at 500 million roubles ($12.03 million) that were disbursed for purchases of primary goods, technical modernisation and investment projects.

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