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19-04-20
Iran's production units need over USD16.6 billion of investment to realize "surge in production"
(MENAFN) Iran's production units need more than USD16.6 billion of investment to realize the "surge in production" intended by the Leader, according to Iranian Industry, Mining and Trade Minister Reza Rahmani.
As said by Rahmani, "unlike other ministries, we don't need the government's direct investment to carry out industrial projects; the mentioned 700-trillion rials resources are not going to be given to the ministry, but will be injected directly into various production units across the country".
Rahmani also said that, "the needed funds will be provided through banks, stock exchange, the National Development Fund (NDF), and investment funds; we expect the growth in the country's industrial sector to become positive by the end of the current [Iranian calendar] year."
The official added that, "industry is one of the major sectors of Iran's economy, as the share of industry, mining and trade sectors in Iran's gross domestic product (GDP) is about 35 percent, and it also accounts for 30 percent of employment in the country."
MENAFN1904202000450000ID1100047463
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