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  • 22-08-20

    21 percent of Iran's idle manufacture units invigorated

    (MENAFN) IRNA accounted that the head of Iran Small Industries and Industrial Parks Organization (ISIPO) has stated that 21 percent of the country's entire 9,800 inactive production units have been invigorated by the Industry, Mining, and Trade Ministry.

    Mohsen Salehinia ISIPO plans to revitalize 1,500 units, typically small and medium-sized enterprises (SMEs), in the current Iranian calendar year (finishes in March 2021) of which thus far 468 units have recommenced operation, refreshing 8,000 job opportunities.

    Salehinia stated that providing liquidity is the major subject for many of the country's production units, so stood on the agreements made, these units can receive part of their required liquidity throughout bank facilities.

    Salehinia added that "Currently, the share of the country's production and industrial units in receiving bank facilities is about 31 percent and it is necessary to allocate a larger share of banking facilities to the country's production and industry,".

    MENAFN2208202000450000ID1100676148

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