$2.7b Allocated to Energize Production

EghtesadOnline: The government has allocated 130 trillion rials ($2.7 billion) in loans to ramp up production in the current Iranian year (ending March 20), the deputy minister of industries said. Mohsen Salehinia added that about 12,500 manufacturing companies have taken out these loans so far.

News ID: ۷۸۱۸۲۹

21 February 2018

Noting that some 5,000 new industrial and manufacturing enterprises have opened across the country in the current fiscal, the official said 6,000 units are in the final stages of completion, which will create about 45,000 new jobs once they come on stream, according to Financial Tribune.

Salehinia put the total number of Iran’s manufacturing enterprises at about 85,000, of which 17,000 are in the doldrums, IRNA reported.