Nearly 900 closed industrial units reopened since late March

Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Farshad Moghimi said that 897 idle industrial units have been revived in the country’s industrial parks and zones since March 21.

News ID: ۸۱۶۴۸۵

28 December 2023

The mentioned units returning to the production cycle have created jobs for about 36,000 persons, head of Iran Small Industries and Industrial Parks Organization (ISIPO)  stated.

Over the past few years, many of the production units across Iran have been wrestling with financial issues as well as the problem of supplying their raw materials, so that, many have been forced to shut down or decrease their activities.

The Industry Ministry’s program for revving such units has tried to identify major problems and issues that the production units are facing in order to bring them back into the production cycle by resolving such problems.

In September, Industry, Mining, and Trade Minister Abbas Ali-Abadi inaugurated 20 industrial, infrastructure, and development projects valued at 294.8 trillion rials (over $60 million) in industrial parks and zones across the country through video conferencing.

The inauguration ceremony was also attended by Farshad Moghimi.

Put into operation in 11 different provinces, the mentioned projects were inaugurated on the occasion of the national day of supporting Small and Medium-sized Enterprises (SMEs).

The projects include nine infrastructure projects with a total investment of 1.88 trillion rials (about $3.82 million), seven industrial projects with an investment of 18.35 trillion rials (over $37.8 million), and the revival of four idle industrial units with an investment of 9.24 trillion rials (over $18.9 million).

According to reports, inauguration of the mentioned projects has created direct job opportunities for 723 people.

The projects were carried out in the provinces of Kermanshah, Markazi, Zanjan, Yazd, Alborz, Lorestan, Sistan-Baluchestan, Golestan, Isfahan, Qazvin, and East Azarbaijan. / Mehr