1,370 industrial units resume activity since March

December 8, 2018 - 21:34

TEHRAN- Some 1,370 industrial units that had stopped their activity have resumed their operation since the beginning of current Iranian calendar year (March 21, 2018), Iran’s Industry Minister Reza Rahmani announced.

The minister put the force work number of these units at 18,927 persons, ISNA reported.

Some 4,600 small and medium-sized units are under construction in the industrial estates of the country, Sadeq Najafi, the previous managing director of Iran Small Industries and Industrial Parks Organization (ISIPO), announced in August.

The official further said that when these units start operation 74,000 new jobs will be created in the industrial estates.

Some 212.552 trillion rials (about $5.06 billion) of loans has been paid to 29,000 industrial units throughout the country during the first five months of the current Iranian calendar year (March 21-August 22), ILNA reported on October 20.

Of the mentioned amount, some 119.728 trillion rials (about $2.085 billion) has been paid by the banks and the rest was paid through production flourishing plan. The measure was to support small and medium-sized entrepreneurs (SMEs) and also to help completion of semi-finished projects.


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