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The key priority is to fundamentally modernise the textiles sector

June 20, 2008

At a State Council Presidium meeting on modernising the textiles sector and measures to raise living standards and social protection for its workers, Dmitry Medvedev stressed the need for urgent measures to overcome the textile industry’s technological backwardness.

Mr Medvedev spoke of the need to thoroughly overhaul production, introduce advanced technology and dramatically raise labour productivity. The experience of foreign companies that have rapidly transformed obsolete production facilities into modern and highly efficient enterprises should be used in this work, the President said.

Mr Medvedev said that attracting investment is a strategic priority for the sector. A cluster approach, such as is already used in some economic sectors, coupled with new management methods, should be followed for making the transition to innovative development, the President said.

Mr Medvedev particularly emphasised the need to protect Russian producers from illegal textile imports and production.

Relevant instructions will be issued based on the meeting’s conclusions.

June 20, 2008