Tehran, Iran, July 4
Trend:
Iran textile market would succeed in exports by cutting price and high quality product, said board member of Iran Textile Specialists Association.
"Markets such as Iraq and Afghanistan can be lost, but it is important to diversify our exports to avoid adverse impact on exports and revenues," Alireza Haeri said, Trend reports citing IRNA.
"The textile industry had good records last Iranian year (started March 21, 2018), as the [US] sanctions have not affected the industry," he added. "It can be noted that the main reason for this is that the textile industry is mainly oriented to domestic market."
"Given that the sanctions most affected auto, steel and petrochemical industries, investors may receive quick results from the textile industry," he noted.
"The industry had 10 percent negative growth in last Iranian year, which was due to production drop in automakers and home appliances. In addition, mismanagement in the Ministry of Industry, Mine and Trade also affected the situation," he added.
"Utilizing capacities of production units and providing liquidity to producers by banks alongside good results in exports during the first three months of current Iranian year (started March 21, 2019) has reduced the negative growth rate," he noted.