27 August 2008
TEHRAN - The director of Iran National Carpet Center (INCC) here on Tuesday announced that the INCC has allotted 125 billion rials ($13.1 million) worth of banking facilities to the investment in the country's hand-woven carpet industry.
TEHRAN - The director of Iran National Carpet Center (INCC) here on Tuesday announced that the INCC has allotted 125 billion rials ($13.1 million) worth of banking facilities to the investment in the country's hand-woven carpet industry.
Talking to Mehr News Agency, Morteza Faraji said the INCC inked a contract with Bank Saderat as the acting bank for securing the credit.
The official noted that the facilities will be in the form of 65 percent fixed capital and 35 percent revolving capital, adding the sum could be increased to 200 billion rials ($20.9 million).
© Tehran Times 2008
