TEHRAN – Iran’s Ministry of Industry, Mining and Trade has rolled out a support package for manufacturers and producers to ease challenges ranging from energy shortages and liquidity constraints to foreign currency access and supply of raw materials.

The initiative comes after Israel’s 12-day war against Iran, which damaged eight state-run industrial parks and one privately-owned zone, leaving about 15 production units with 40 to 60 percent losses. The disruption caused equipment failures and hampered output, while the unstable post-war economy triggered capital flight and dampened consumer demand for durable goods.

Industry Minister Seyed Mohammad Atabak has met industrial leaders and inspected damaged facilities, pledging banking facilities, foreign exchange support, and insurance and tax relief. The government has drawn up a special support plan in coordination with the private sector, including chambers of commerce, cooperatives and guilds, to revive affected industries.

The package was finalized in the government’s Infrastructure Working Group, which includes the ministries of economy, agriculture, justice, oil and energy, the Central Bank, the Plan and Budget Organization, and the presidential office for science and technology. It prioritizes sectors tied to household livelihoods and aims to ensure industrial resilience.

Support measures cover taxation and social security relief, banking facilities, foreign exchange commitments, infrastructure needs such as transport and energy, and trade facilitation through customs and import licensing. Provisions include repayment holidays, extension of past credit lines, temporary suspension of penalties on bounced checks, and reclassification of overdue loans after three months to ease financial pressure.

EF/