TEHRAN -- A manager of a textile unit has complained about the high interest charged by banking institutions, saying high interest plus outdated textile machinery in textile mills are causing production cost to rise in the industry. Mohammad Mohammadpour, speaking to reporters who paid a visit to his unit, said that rampant smuggling of textiles is also causing losses to the textile industry by preventing textile prices from keeping up with production cost and preventing their rise over the last three years, while wages have doubled during the same period. Mohammadpour continued by recommending that tariffs be levied on imports of textiles as a way of discouraging or curtailing rampant smuggling. He further recommended that the administration of textile units be handed over to the private sector in the interest of the industry. Meanwhile, Hadi Ghanimifard, chairman of the board of directors of the Industry and Mines House said that privatization in the country should be directed toward effecting structural changes rather than causing a transfer in the ownership of shares or management of funds.