54199
70% Idle Capacity in Textile Industry
70% Idle Capacity in Textile Industry

70% Idle Capacity in Textile Industry

70% Idle Capacity in Textile Industry

Iran’s textile industry is currently operating at 30% of its capacity due to the recession and lack of demand in the domestic market, the head of the Association of Iran Textile Industries said.
“We need 1.6 billion meters of fabric annually and can only produce half of that domestically if everything goes well. Imports provide only 30% of this shortage and the rest is unfortunately smuggled into the country,” Mohammad Morravej Hosseini was also quoted as saying by IRNA.

 

Short URL : https://goo.gl/xZlNI0
  1. https://goo.gl/6ENEqe
  • https://goo.gl/sL6U8Y
  • https://goo.gl/bRT8jN
  • https://goo.gl/AYk3wM
  • https://goo.gl/ilO5C1

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
The world’s 67 steelmakers produced 1.21 billion tons of crude steel during the eight months, up 4.9% YOY.
Iranian steel mills produced 13.44 million tons of steel from...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus