TEHRAN- The spokesperson of the Ministry of Industry, Mining, and Trade announced the submission of the first list of production units eligible to receive facilities to the Central Bank of Iran (CBI) and said this list includes 2,486 production units.

Ezzatollah Zarei stated: “This list includes 2,486 production units that have collectively placed 16,960 orders, and the total value of these orders is 3.8 billion dollars.”

The spokesperson of the Ministry of Industry, Mining, and Trade further expressed hope that the Central Bank of Iran would promptly communicate and send this list to the agent banks so that the introduced companies can more quickly benefit from the facilities allocated for the forex rate difference between the first and second trading halls.

The Iranian government provides multi-faceted support to domestic production units, a strategic priority aimed at fostering economic resilience, self-sufficiency, and employment. This support is channeled through several key mechanisms, primarily administered by the Ministry of Industry, Mining, and Trade and the Central Bank of Iran.

A cornerstone of this policy is providing preferential financing and working capital facilities. As seen in recent initiatives, the government identifies eligible production units and facilitates their access to subsidized loans and credit lines. These are often designed to cover critical gaps, such as the difference in foreign currency exchange rates for importing raw materials, thereby reducing production costs and enhancing competitiveness.

Additionally, support includes tax exemptions or reductions, simplified bureaucratic procedures for permits and regulations, and tariff protections on imports of similar goods. The government also organizes and sponsors major specialized exhibitions, like the footwear exhibition, to provide domestic producers with vital platforms for marketing, networking, and export promotion.

The overarching goals are to shield local industries from external shocks, reduce dependency on oil revenues by boosting non-oil exports, and preserve jobs.

MA