Iran’s Industries Ministry is preparing a support plan for the hard-pressed auto industry in a bid to salvage the key sector from plunging into further disarray which can hit thousands with unemployment.
Amir Hossein Qanaei, a top official with the Industries Ministry, says the government is prepared to financially support car manufacturers and auto parts makers at this time of volatility and uncertainty, SHATA, a news agency affiliated with the ministry, reported.
Qanaei says all the necessary resources for the industry’s survival have been considered, adding, “The details of the package will soon be released.”
The plan envisages procurement of raw materials and foreign currency for the businesses.
August 27, 2018 17:30
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