25 July 2004
Isfahan -- Minister of Industry and Mines Eshhaq Jahangiri attended Saturday the inauguration of the operation of the `De Metil Tretalat` project in Mobarakeh area.
DMT has uses in production of synthetic material including, polyester.
The project has absorbed a capital investment of about rls 200 billion in one year and when producing at capacity the plant will increase the domestic DMT output form 60,000 tons to 90,000 tons annually.
Presently, about 15,000 tons of solid DMT is exported to Germany, Taiwan, Turkey, Pakistan, China and India. The export will generate dlrs 30 million of foreign exchange for the country annually. Speaking at the inauguration ceremonies Jahangiri said that the Foreign Exchange Reserve Fund (FERF) has allocated dlrs eight billion to non-governmental sector to be channeled to projects in industrial and mining project.
"Of the sum over dlrs 4.5 billion has been approved for disbursement," he underlined.
He said the total volume of loans from the FERF has stood at 3.5 billion during the Third Five-Year Development Plan (March 2000-2005).The government-affiliated companies are not eligible to obtain loans from the fund which is only paid out to the non-governmental sector and for the priority projects of the industry and mines ministry.
Several other manufacturing plants, with capital investments of over dlrs 820 million also drawn from the FERF, will also be operative by the end of the current year which is the last in the development plan, Jahangiri added.
He said the total employment opportunities created in the third development plan are 623,000 in industry which is more than the targeted volume. He also reckoned that another 200,000 jobs will be created in the sector by the end of the current Iranian year (started March 20).
An Industries and Mines Ministry official said here in June that the growth rate of the sector in the last year in the gross domestic product (GDP) stood at rls 379,006 billion -- at constant prices for the Iranian year 1376 which ended on March 20, 1998.
Deputy Minister of Industry and Mines for Administration and Financial Affairs Alireza Sepahvand told reporters that the figure was 6.1 percent higher compared to the figure in the previous year.
He said the sector`s share in the GDP stood at 17.5 percent last year "which is also four percent higher compared to the figure for the year before."
Sepahvand said the sector also generated an added value of rls 66,148 billion in the economy last year which was 11 percent higher than the year before. The growth of the value-added has exceeded the targets envisioned
the Third Five-Year Development Plan (March 2000-2005) while mining value-added capped an impressive 15.4 percent in the same period, he added.
Isfahan -- Minister of Industry and Mines Eshhaq Jahangiri attended Saturday the inauguration of the operation of the `De Metil Tretalat` project in Mobarakeh area.
DMT has uses in production of synthetic material including, polyester.
The project has absorbed a capital investment of about rls 200 billion in one year and when producing at capacity the plant will increase the domestic DMT output form 60,000 tons to 90,000 tons annually.
Presently, about 15,000 tons of solid DMT is exported to Germany, Taiwan, Turkey, Pakistan, China and India. The export will generate dlrs 30 million of foreign exchange for the country annually. Speaking at the inauguration ceremonies Jahangiri said that the Foreign Exchange Reserve Fund (FERF) has allocated dlrs eight billion to non-governmental sector to be channeled to projects in industrial and mining project.
"Of the sum over dlrs 4.5 billion has been approved for disbursement," he underlined.
He said the total volume of loans from the FERF has stood at 3.5 billion during the Third Five-Year Development Plan (March 2000-2005).The government-affiliated companies are not eligible to obtain loans from the fund which is only paid out to the non-governmental sector and for the priority projects of the industry and mines ministry.
Several other manufacturing plants, with capital investments of over dlrs 820 million also drawn from the FERF, will also be operative by the end of the current year which is the last in the development plan, Jahangiri added.
He said the total employment opportunities created in the third development plan are 623,000 in industry which is more than the targeted volume. He also reckoned that another 200,000 jobs will be created in the sector by the end of the current Iranian year (started March 20).
An Industries and Mines Ministry official said here in June that the growth rate of the sector in the last year in the gross domestic product (GDP) stood at rls 379,006 billion -- at constant prices for the Iranian year 1376 which ended on March 20, 1998.
Deputy Minister of Industry and Mines for Administration and Financial Affairs Alireza Sepahvand told reporters that the figure was 6.1 percent higher compared to the figure in the previous year.
He said the sector`s share in the GDP stood at 17.5 percent last year "which is also four percent higher compared to the figure for the year before."
Sepahvand said the sector also generated an added value of rls 66,148 billion in the economy last year which was 11 percent higher than the year before. The growth of the value-added has exceeded the targets envisioned
the Third Five-Year Development Plan (March 2000-2005) while mining value-added capped an impressive 15.4 percent in the same period, he added.
© IRNA 2004
