Apparel Industry’s Job Creation Potential High
Apparel Industry’s Job Creation Potential High

Apparel Industry’s Job Creation Potential High

Apparel Industry’s Job Creation Potential High

With 5 trillion rials (over $133 million) worth of investment, Iran’s apparel industry has the potential of creating 370,000 jobs, a deputy minister of cooperatives, labor and social welfare said.
“At present, the industry has provided employment for 540,000 people. The apparel industry creates some 900% value-added and has a lot of room for growth,” Isa Mansouri was also quoted as saying by IRNA.
Mansouri noted that there is no need for setting up new apparel production units in Iran, in view of the large number of manufacturers running under capacity.
The domestic apparel market is worth an estimated $12 billion per year. Currently, close to 1,500 manufacturing units and more than 20,000 retail outlets are active in this industry across the country. These units have an annual nominal production capacity of 340,000 tons.
According to the Association of Iran Textile Industries, close to $7 billion worth of foreign apparel and shoes are bought in Iran every year, about $3 billion to $4 billion (almost 50%) of which are contraband.


Short URL : https://goo.gl/m8SgJN
  1. https://goo.gl/8WC4kX
  • https://goo.gl/DrZKWH
  • https://goo.gl/5anSGG
  • https://goo.gl/VYlfnC
  • https://goo.gl/FxXPGo

You can also read ...

Banks will now draft a single set of balance sheets that adhere to CBI’s IFRS-based templates.
Minister of Economic Affairs and Finance Masoud Karbasian and...
ICCIMA Trade Mission Off to Spain
A 30-member commercial delegation from Iran’s private sector...
Mental Health Investment: The Economic Case
The link between mental health and economic productivity is...
Ikarus buses were popular in Iran during 1990s.
Hungarian bus manufacturer Ikarus is set to re-enter Iran...
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new...
Carmakers Pile Into Europe Scrappage Offers
Renault-Nissan and Kia are the latest car companies to launch...
Bloom and billet sales made up the lion’s share of KSC’s sales.
Iran’s largest steel exporter Khouzestan Steel Company...
IZMDC’s Zinc Output Tops 8,000 tons
Iran Zinc Mines Development Company’s subsidiaries produced a...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.