19 May 2012
Some 196 industrial projects will be implemented under "Mehr Mandegar" plan, said director general of the investment office of the Ministry of Industries, Mines and Trade on Friday.
Mohammad Masih Habibi said $4.5 billion will be allocated for the completion of the projects by March 2013, IRNA reported.
Implementation of "Mehr Mandegar" plan is among the major projects of the ministry in the current Iranian year (started March 20), he said, adding if the monetary problems are solved the industrial units will become operational by the end of the current year.
He said one of these 196 projects includes creating 100 small industries in industrial townships.
Habibi recalled that according to the Cabinet's approval the needed funds to implement the projects will be supplied via National Development Fund.
Once completed, the projects will create jobs for more than 72,000 people, he noted.
The official stated these projects create a vey special opportunity for industrial growth and development of the economy in the country.
Referring to the government's planning to attract foreign investment in the current year, he said these are among the responsibilities of an organization in the Ministry of Economic Affairs and Finance which introduces Iran's investment opportunities to foreign investors with the cooperation of other ministries.
Not only are domestic and foreign investors provided with equal investment opportunities, they also receive guarantees from the Government to be able to transfer their investment so that in case any problem happened, they could withdraw their investment.
Habibi said that so far, none of the said conditions have happened to foreign investors, adding their eagerness to invest in the country have increased in recent years.
He believed that industrial units' problems can be resolved easily.
Some 196 industrial projects will be implemented under "Mehr Mandegar" plan, said director general of the investment office of the Ministry of Industries, Mines and Trade on Friday.
Mohammad Masih Habibi said $4.5 billion will be allocated for the completion of the projects by March 2013, IRNA reported.
Implementation of "Mehr Mandegar" plan is among the major projects of the ministry in the current Iranian year (started March 20), he said, adding if the monetary problems are solved the industrial units will become operational by the end of the current year.
He said one of these 196 projects includes creating 100 small industries in industrial townships.
Habibi recalled that according to the Cabinet's approval the needed funds to implement the projects will be supplied via National Development Fund.
Once completed, the projects will create jobs for more than 72,000 people, he noted.
The official stated these projects create a vey special opportunity for industrial growth and development of the economy in the country.
Referring to the government's planning to attract foreign investment in the current year, he said these are among the responsibilities of an organization in the Ministry of Economic Affairs and Finance which introduces Iran's investment opportunities to foreign investors with the cooperation of other ministries.
Not only are domestic and foreign investors provided with equal investment opportunities, they also receive guarantees from the Government to be able to transfer their investment so that in case any problem happened, they could withdraw their investment.
Habibi said that so far, none of the said conditions have happened to foreign investors, adding their eagerness to invest in the country have increased in recent years.
He believed that industrial units' problems can be resolved easily.
© Iran Daily 2012
