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The Ministers of Trade and Industry and the business sector are discussing providing textile factories with cotton

Nevin Jameh, Minister of Trade and Industry, and Hisham Tawfiq, Minister of Public Enterprise, held an expanded meeting with a number of spinning, weaving and ready-to-wear investors in the city of Mahalla al-Kubra.
The meeting was attended by Deputy Mahmoud Al-Shami, a member of the House of Representatives for the Bandar Al-Mahalla Department and Vice President of the Chamber of Textile Industries, Dr. Ahmed Mustafa, Chairman of the Holding Company for Cotton, Spinning, Weaving and Clothing, Dalia Tadros, Assistant Minister of the Public Business Sector for Technical Affairs and Follow-up, and Hatem Al-Ashry, Adviser to the Minister of Trade and Industry for Corporate Communication In addition to a number of heads of spinning and weaving companies affiliated with the Ministry of Public Business Sector, and a number of leaderships of the two ministries.
The meeting reviewed the most prominent challenges facing investors in the spinning and weaving and ready-to-wear sector, ways to overcome them, and coordination between the various ministries to remove all obstacles that hinder the path of production and export and open new markets for Egyptian spinning and weaving. It was agreed that the Holding Company for Spinning and Weaving and its subsidiary companies provide the needs of the sector's factories. Special cotton and yarn at competitive prices, with the aim of ensuring the continued rotation of the wheel of production in all parts of this vital industry.
Hisham Tawfiq, Minister of Public Business Sector confirmed that the past period witnessed the ministry taking a number of steps that will contribute to easing the burden on textile producers in Egypt, the most important of which is the agreement with the Ministry of Agriculture and Land Reclamation to open new facilities to import short-staple cottons to meet the needs of the industrial sectors, indicating that The Ministry is currently working on merging the business sector companies in the field of spinning and weaving from 23 companies to 8 companies only, and merging 9 ginning companies to become one company only.
Tawfiq explained that work is underway to open more foreign markets, by expanding the number of centers for promoting Egyptian products, as 14 promotional centers will be established to market these products, pointing to the need to register all companies in the electronic catalog through which these products will be displayed. Jusoor Company (El-Nasr Export and Import) affiliated to the Ministry will be the link between the owner of the product and the various markets around the world.
The minister pointed out that work is currently underway to establish industrial complexes for ready-made clothes, based on the exploitation of unused factory lands, as a factory in Fayoum Governorate, closed years ago, was being used to convert it into 20 small factories and put it before small investors with easy funding from the Enterprise Development Authority. Medium, small, and micro-micro, as well as developing gins to produce high-quality cotton completely free of impurities, the first of which is the developed Fayoum gin, in addition to the ginners in Zagazig, Kafr El-Zayat and Kafr El-Dawar, which will be ready for work and mass production during the next season.
Nevin Jameh, Minister of Trade and Industry, explained that the state is keen to promote spinning and weaving companies, whether companies in the business sector or the private sector, because they ultimately represent the two parts of the national industry in a way that contributes to enhancing export rates, youth employment and preserving employment, especially since this sector is one of the labor-intensive sectors in the country. Egypt, pointing out that this meeting comes within the framework of the follow-up to the meeting held by the Minister at the end of last March with a group of textile and garment investors in the city of Mahalla al-Kubra during the Minister’s visit to the Gharbia Governorate.
Jameh added that the government succeeded during the Corona virus crisis in disbursing exporters' dues to the Export Development Fund by launching a number of payment initiatives, which contributed to the continuation of the production process and the preservation of Egyptian labor, as the total export support spent so far has reached more than 21 billion pounds, noting Noting that the new program for export support aims to achieve a boom in export rates and a decrease in Egyptian exports affected by the global economic downturn resulting from the global outbreak of the Corona virus, and to achieve a substantial increase in Egyptian exports, as it is the engine of growth for Egyptian industries with high competitiveness in global markets .
For his part, Representative Mahmoud al-Shami, a member of parliament from Bandar al-Mahalla constituency and deputy head of the Chamber of Textile Industries, said that the textile sector faced great challenges during the past years, which varied between high and instability in the prices of yarn and cotton, scarcity of raw material and high production costs, indicating that The Ministers of the Public Business Sector, Trade and Industry have made a great contribution to working to overcome these challenges and respond to the demands of manufacturers and exporters, as 3 intensive meetings were held with investors in less than a month, which reflects the great interest that the government attaches to this strategic industry.