EghtesadOnline: About $970 million worth of textile products and apparel were exported from Iran in the last fiscal year that ended on March 20, 2018, to register an increase of 15% compared to the year before, the director general of Textile and Clothing Department at the Ministry of Industries, Mining and Trade announced.

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: Iran has had a long and successful history of manufacturing textiles. The Persian Gulf state was one of the world’s premier exporters of textiles and silks to Europe, Asia and the rest of the world. The first textile mill in Iran was established over a century ago in the capital Tehran.

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.

EghtesadOnline: Some 189,400 tons of textile products worth more than $1.13 billion were exported in the last Iranian year that ended March 20, 2017, registering an 8.1% rise in weight and a 1.7% decrease in value compared with the year before.