Iran to assign more funds to textile production
Tehran, Iran, Sept.20
Iran is to launch pilot textile projects in five provinces to expand the production, said the Minister of Industry, Mine and Trade.
"Five provinces are chosen for the pilot project, and two more provinces including Sistan and Baluchestan and Kurdistan provinces will join later," said Reza Rahmani, Trend reports citing ILNA.
According to the minister, it is expected that the textile pilot projects will be implemented in Ardebil, Gilan, Hamedan, Kermanshah, and Chaharmahal and Bakhtiari provinces.
"There are several big textile production sites including Balouch textile in Sistan and Baluchestan Province, which require credit, so we have restructured the budget to initiate these plans," he said.
"The Planning and Budget Organization can provide the credit for infrastructures and it has this plan on its agenda," he noted.
Iran plans to provide more employment and expand production in the country's textile sector. According to the statistics of Iranian Association of Clothing Industries, the value of annual consumed clothes in the country is around $15 billion, and it is expected to grow to $25 billion in 2025.
During his one-day visit to Sistan and Baluchestan Province, Rahmani emphasized the need for more investments to be made in the province by other industries, too.
"We will welcome assigning budget to production, industry and mine sectors in the province. For example, the power station in Zahedan industrial city needs 400 billion rial (around $9 million)," he added.
"The mine sector also needs investments to expand projects in the province," he indicated.