Iran's textile industry has shown remarkable growth, with exports reaching $500 million in the previous Iranian calendar year (March 21, 2023, to March 19, 2024). This surge in exports underscores the industry's increasing significance on the global stage. The majority of Iran's textile products found their way to markets in neighboring countries, with Iraq, Afghanistan, and Russia emerging as key destinations, accounting for 26%, 18%, and 6.0% of Iran's total textile exports, respectively.
In a bid to rejuvenate the jute sector and bolster its associated industries, Bangladesh is set to establish a dedicated Jute Council, announced Textiles and Jute Minister Jahangir Kabir Nanak during the annual general meeting of the Bangladesh Jute Mills Association (BJMA).
The home textile industry, once a cornerstone of global exports, experienced a downturn for over a year. However, there are promising signs of revival, with three South Asian countries – India, Pakistan, and Bangladesh – emerging as contenders for dominance in this resurgent market.
A recent visit by a delegation from the Chinese Council for Textiles and Readymade Garments to Cairo has sparked discussions about the establishment of an integrated textile city in Egypt. The delegation expressed keen interest in the project during a meeting with Hossam Heiba, the chief executive officer of Egypt's General Authority for Investment and Free Zones (GAFI).
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