Home / Knowledge / News / Textiles / Turkish investors to set up textile unit in Iran
Turkish investors to set up textile unit in Iran
30
Jan '14
Turkish investors are set to launch a joint venture with Iranian businessmen for setting up a textile plant in central Iranian city of Delijan, reports ILNA.
 
The new textile plant would be set up at a cost of €15 million. This was disclosed during the visit of Iranian Oil Minister Bijan Namdar Zangane to Turkey earlier this month.
 
During the visit, the two sides reached some agreements to boost bilateral trade ties, Mr. Zangane said.
 
Both countries would continue to negotiate further in view finalize the agreements and sign memorandums of understanding during the forthcoming visit of turkish Prime Minister Recep Tayyip Erdogan to Iran.
 
In Iran, over 95 percent of textile production units are owned by the private sector. The textile industry accounts for 11 percent of production units and 12 percent of employment in Iran’s industrial sector.
 
In 2013, Iran-Turkey bilateral trade declined to US$ 16 billion from $22 billion in 2012. Both countries have set a target of increasing annual bilateral trade volume to $100 billion in the long-term and to $30-35 billion in the short-term.
 

Fibre2fashion News Desk - India


Must ReadView All

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Arvind, KVIC sign agreement for khadi certification

India’s leading lifestyle and fashion conglomerate Arvind Limited has ...

Textiles | On 24th Jul 2017

Gartex all set to feature garment, textile solutions

Complete value chain of garment and textile manufacturing solutions...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X