‘Auto part manufacturers to receive $950m of facilities’

January 18, 2019 - 23:24

TEHRAN- “Iranian ministry of industry is to grant 40 trillion rials (about $952.3 million) of facilities to supply working capital for the auto part manufacturing units,” Iranian Industry Minister Reza Rahmani announced, IRNA reported on Thursday.

“Supplying the working capital of production units is among the top priorities of the administration and the policy will be applied in the next Iranian year (starting March 21, 2019) as well,” he said.
“The government pays a specific attention to manufacturing auto parts, which provides more than 400,000 jobs,” he said, “the government’s main targets are protecting production and creating jobs.”

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