YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Iran cotton industry heavily dependent on imports

Related Keywords: biggest exporter, cotton cultivators, cotton farming, cotton industry, heavily dependent on imports, high costs of machinery and equipment, Iran, Iranian textile industry, low price cotton imports, meet domestic cotton demand, not affordable, size of farms for cotton cultivation, strategic and all purpose product, Uzbekistan

Iran is heavily dependent on imports to meet the domestic cotton demand, which is a strategic and all purpose product in Iranian textile industry. Iran imported over 56,517 tons of cotton worth $103 million during the 11 months to Feb 19. Uzbekistan was the biggest exporter.

Turkey plans to invest in Iranian textile industry

Related Keywords: Bijan Namdar Zangane, Iranian businessmen, Iranian textile industry, Turkish businessmen

Iran and Turkey's trade volume now is around $30 billion. To boost bilateral trade ties, Turkish investors and Iranian businessmen have agreed to join hands. They plan to start a joint textile unit in Iran's central city of Delijan in which the Turkish businessmen propose to invest 15 million euros in Iran's textile industry.

With the joint textile unit the trade volume figure is scheduled to reach $100 billion in nine years.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button