NEWS
ECONOMY   Industry  

Iran Ups Textile Exports by 40 Percent

Iran has boosted its textile production by two percent and its exports by 40 percent in the first nine months of the current Iranian year (March 21, 2018-December 22, 2018), a senior Iranian industry official announced.

"7,900 textile production units and 260,000 people are currently active in Iran’s textile industry," Director General of Textile and Clothing Department at the Ministry of Industries, Mines, and Trade Afsaneh Mehrabi said.

Addressing the inaugural ceremony of a specialized textile and carpet exhibition which was held in Iran’s central city of Yazd on Tuesday, Mehrabi noted that the country's textile exports has registered a remarkable 40 percent rise as compared with the previous year's corresponding period.

She said the Iranian government’s decision to ban the imports of some goods made an opportunity for domestic producers to increase exports amid recent difficulties in the currency market.

In a relevant development in early December, it was reported that Iran had exported around $715 million worth of clothing and garments to foreign countries during the first seven months of the current Iranian year (March 21- October 21), marking a 28 percent growth in comparison with the corresponding period of last year.

Director General of the Textile, Apparel and Leather Industry Organization Golnar Nasrollahi made the remarks on the sidelines of 6th International Apparel Exhibition (Iran Mode 2018), adding that $715 million worth of garments were exported during the seven-month period, registering a 28% hike in comparison with the similar period in the last year.

She pointed to the skyrocketing rates of foreign currency in the past months and the promising boost in the sector’s productivity as the two main reasons behind the growth in the exports of clothing and apparels.

Supplying raw materials for textile industry has been put a top priority of the Ministry of Industry, she said, adding, “The country’s current economic situation is in favor of producers, provided that their required raw materials are fully provided.”

The imports of basic raw materials, such as fibers, have witnessed a significant growth as compared to the same period of last year, which proves the development in the industrial and production units’ activities, the official said.

Referring to the strategic clothing production and exports document that was compiled during former minister of industry, Nasrollahi said, “This document has now been handed over to the Planning Deputy Office of the ministry and we hope that we will be able to implement different paragraphs of it with the cooperation of related associations and organizations.”

News No: 3079
Date: 2018/12/26 - 18:19
News Source: FARS News Agency

Textile  Afsaneh Mehrabi  Trade  industry 

Comments:

Leave a Comment:

   
   
   
 

UK Crude Loadings Continue to Fall

The UK’s crude oil loadings remained below 800,000 barrels per day for the third month in a row in February, while authorities expect Britain’s crude production to decline through at least 2024, Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime and Trade at IHS Markit, said.
 

OPEC’s Mohammad Barkindo: Rebound in Oil Investments Minimal

Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
 

India: Domestic Sponge Iron Offers Correct Amid Slow Down in Inquiries

Sponge iron prices in Indian domestic market slightly fell by INR 200-500/MT (USD 3-7) in last couple of days over persistent limited inquiries.
 

Indian Domestic HRC Trades Slow down; Automobile Sales Disappoint

This week Indian HRC prices witnessed slight increase in traders market after announcement of sharp price hike by INR 1000-1500/MT by major Indian steel mills last week for March deliveries.However dull trades restricted surge in prices in trade segment this week.
 

Pakistan: Imported Scrap Offers Inch Up; Limited Trades Reported

SteelMint learned in recent conversation with participants that imported scrap offers to Pakistan have moved up USD 5-10/MT W-o-W as suppliers slowly turning resistive to low offers
 

India: Domestic Pellet Offers Range Bound Amid Limited Trades

Indian pellet offers have remained unmoved this week against the previous week’s offer amid low trades and limited inquiries.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners