EghtesadOnline: The Iranians’ overall declining purchasing power and excessive imports have pushed the Iranian textile industry into recession in recent years, the chairman of Tehran’s Wholesalers and Textile Sellers Union said.

EghtesadOnline: Santex Rimar Group, a leading machine manufacturer for weaving, textile finishing, nonwovens, technical textiles and green technologies, has held a second “Future Textile Road” event in Iran to underline its commitment to the development of domestic textile industry.

EghtesadOnline: Deputy Minister of Cooperative, Labor and Social Welfare for entrepreneurship development and employment Issa Mansouri said on Monday that companies from Turkey, Italy and Canada have come to Iran to sign contract in the field of textile production.

EghtesadOnline: Currently, 9,818 industrial units are active in Iran’s textile and apparel industries licensed by the Ministry of Industries, Mining and Trade, constituting 11% of all industrial entities in the country.