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Iran seeks textile sector investment from D-8 countries
Feb '15
Iran is ready for foreign investments in the textile sector, according to Mohammad Reza Nematzadeh, minister of industries, mines and trade.
Speaking at the fourth meeting of the Industries Ministers of the Developing 8 (D-8) member states in Tehran, Nematzadeh expressed his country’s readiness for attracting foreign investments in textile, nanotechnology and auto industries’ sectors.
The minister said that joint investment should be increased among the D-8 member states, FARS News Agency reported.
Besides Iran, the D-8 consists of Bangladesh, Egypt, Indonesia, Malaysia, Nigeria, Pakistan, and Turkey. The objective of this economic development alliance is to improve the position of the member countries in the world economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at international level, and improve standards of living. (RKS)

Fibre2fashion News Desk - India

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