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Investor Relations
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FinancialNews
29-08-21
Iran prioritizes developing domestic production, cutting reliance on external sources
(MENAFN)One of the top priorities of the Iranian government in the last few years was improving domestic production and decreasing dependence on external sources for meeting the country’s requirements, especially since the re-imposition of the US sanctions in 2018.
The mentioned aim was pursued in a number of sectors including agriculture, industry, mining, petrochemicals, and oil industry.
The focus for the stated programs was on the industry and mining sectors, as major pillars of the Iranian economy, and to this due, in 2020 a comprehensive program was recognized in the Industry, Mining, and Trade Ministry for encouraging domestic production and supporting production units in these fields.
The industry ministry’s programs in this year that was named the year of “Production: Support and Elimination of Obstacles.” by the Leader of the Islamic Revolution Seyed Ali Khamenei, include revitalizing idle units and supplying bank facilities for the country’s production units and small and medium-sized enterprises (SMEs).
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