Deputy minister of industry, mines and trade said on Wednesday that the exports of machine-made carpets will hit $400 million in the year to March 20, 2016.
On the sidelines of inauguration of five industrial projects in Kermanshah, Mojtaba Khosrotaj put the value of machine-made carpet exports in the past nine months to December 21 at $300 million.
The figure for the nine months last year stood at $330 million, he said.
Noting that machine-made carpet exports are rivaling with those of hand-made carpet, the official said that local markets are nearly saturated and an export-oriented view should be taken towards machine-made carpet industry.
Khosrotaj said that the producing units are complaining about high interest rates for the bank loans, calling for reducing the interest rates under the new circumstances after removal of sanctions.
Using capacities of private sector in the advancement of national economy is very effective, he said, adding that financial resources of the sector will help flourish the industries.
Five industrial and production projects were inaugurated on Wednesday in Kermanshah as part of the programs to mark Islamic Revolution 1979 victory anniversary, paving the way for the employment of 100 people.