Consequences of the Pandemic for Investments in the Russian Textile Industry in 2022 and in the Medium Term
https://doi.org/10.26794/1999-849X-2022-15-1-124-133
Abstract
Financial University, Moscow, Russia https://orcid.org/0000-0001-6864-4281
The relevance of the article is due to the need to support the textile industry in Russia, the strengthening of the role of regions in the restoration of this branch of the economy on the basis of state policy at the federal and regional levels aimed at financing new production technologies and the development of online sales channels.
The subject of the study is the course of investment in Russian textile production, which currently does not withstand high competition in international sales markets and hardly competes with the sale of Chinese textile products within the country.
The purpose of the work is to develop proposals to improve the process of investment inflow into the textile industry of Russia by taking measures to stimulate intersectoral and interregional cooperation; building end-to-end chains both in light industry and between other industries; increasing the share of export-oriented products, especially blended fabrics, linen complex. It is established that promising segments of the industry development are the production of multilayer membrane materials in an environmentally friendly production cycle, as well as the introduction of textile recycling technology. The study revealed that a new point of growth in the textile industry may be the technology of digital printing on textiles.
The article concludes that it is necessary to take additional measures to develop textile production, attract investment in fixed assets, support the linen complex, the transition of industry to a closed-cycle economic model and the greening of business.
About the Author
S. V. Shchurina
Financial University
Russian Federation
Russian Federation
Svetlana V. Shchurina — Cand. Sci. (Econ.), Assoc. Prof., Department of Corporate Finance and Corporate Governance
Moscow
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Review
For citations:
Shchurina S.V. Consequences of the Pandemic for Investments in the Russian Textile Industry in 2022 and in the Medium Term. Economics, taxes & law. 2022;15(1):124-133. (In Russ.) https://doi.org/10.26794/1999-849X-2022-15-1-124-133
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