|Iran approves foreign investment plans valued at $210m||
TEHRAN - Iran has approved new foreign investment plans valued at $210 million, the chairman of the Organization for Investment, Economic and Technical Assistance of Iran stated.
Behrouz Alishiri added that the plans are related to the production of iron and steel ingots, textile and fabrics.
On July 6, Alishiri said Iran offers one hundred percent tax exemption for an unlimited period of time to foreign investment in the agriculture sector.
Tax exemption up to 80 percent are being offered to investments in the industry and mine sector, he said, adding that the figure will be one hundred percent for a period of ten years in underdeveloped areas.
On June 20, Alishiri said that foreign investments in Iran rose by 45 percent in the past Iranian calendar year, which ended on March 20, compared to its preceding year.
The amount of foreign investment in Iran reached its peak in the past [Iranian calendar] year 1391, the Mehr News Agency quoted Alishiri as saying.
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