Turkey recently has indicated that it is investing $500 million into the expansion of its knitting production infrastructure making it the latest news in Knitting Industry News. The shift is meant to increase exportation of technical textiles, performance fabrics, to Europe and Middle East.
Under the plan, the company is to install energy-efficient knitting machines; it is to provide training schemes to local laborers and offers tax incentives on green manufacturing. Industry movers believe that this is some indication that Turkey aims to be a top destination of knitted apparel. The program will also provide 25,000 new jobs and resilience in the region in the context of supply chains.