He noted that the government is to allocate 10,000b tomans for renovation of textile industry, adding that the representatives of the industry ministry are to meet finance ministry this week to find proper ways for resolving banking problems for the industry.

The CEO of Industrial Development & Renovation Organization of Iran (IDRO) Mr. Mansour Moazami believes that investment in thetextile industry can create more jobs and production.

During his one-day visit to Mazandaran Province and to Nassaji Textile Factory, Moazami said that the government is resolved to revive the textile industry in the country. He added during his visit to two major textile factories of the country in Mazandaran, he could review the woes of textile industry in the country and he  found good results.

He noted that the government is to allocate 10,000b tomans for renovation of textile industry, adding that the representatives of the industry ministry are to meet finance ministry this week to find proper ways for resolving banking problems for the industry.

 He added that it was decided that liquidity for the textile industry is provided and banking system to help the industry to boom. He praised the management of

Nassaji of Mazandaran Factory which helped the factory to continue its work in good condition comparing to the factories in other city of the province.

Moazami pointed to the key role of the IDRO, expressing hope that the private sector would engage in the industry to revive the textile industry which will be a boost in job creation and production.