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Iranian textile exports to grow over last year
21
Oct '11
Iran's textile exports for the current calendar year are likely to surpass last year's exports, Director General for textile and garment industries, Ministry of Industry, Mine and Trade, Mehdi Eslampanah has said.

He stated that the country is expected to export textile items worth around US$ 1.5 billion during the current Iranian calendar year that started on March 21, 2011, up from last year's exports worth US$ 1.3 billion.

Apart from catering to the domestic demand, the Iranian textile industry also helps boost exports of related products, he said.

He said that though Iran's textile production and exports volumes have got better in recent years, additional efforts are required to achieve the target. Last year, Iran's textile production grew by over 55 percent, according to data.

The textile sector is Iran's fourth leading export industry, and hence it is important to create an atmosphere to raise the competitiveness of the sector. This, he said, calls for the need to develop proper plans to enhance the quality of products.

While making a mention of large-scale imports of textile items and garments which prove detrimental to the local industry, Mr. Eslampanah said special laws and policies need to be devised to deal with the issue.

He said presence of strong and competent organizations and associations would further bolster the growth of the industry.

At an earlier occasion, Eslampanah said a sum of nearly one billion US dollars would be spared for upgrading the textile units' production lines, and added that another US$ 500 million have already been allocated for leather, garment and textile industries.

In addition to this, he said over US$ 112 million would also be earmarked as compensation for the cotton price hike, so as to ward off its effect on the downstream industries.

Textile, garments and leather constituted around 10 percent of the overall industrial exports of the country during the last Iranian calendar year.

Fibre2fashion News Desk - India

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