Business And Markets

NDFI Focus on Manufacturing, Infrastructure

NDFI Focus on Manufacturing, InfrastructureNDFI Focus on Manufacturing, Infrastructure

CEO of the National Development Fund of Iran, the country’s sovereign wealth fund, has outlined the roadmap for the fiscal year that started on March 21. 
Morteza Shahidzadeh stressed the need to direct NDFI resources more toward promoting the production sector and creating bigger maneuvering space for the private sector to boost manufacturing, the NDFI official website reported.
Shahidzadeh was alluding to this year's economic motto announced by the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei who billed the new Iranian year as the year of "enhancing production" to help shore up the sanctions-hit economy without relying  on outside help. 
Shahidzadeh pointed to cooperation with the private sector to benefit from overseas funding and leveraging NDFI financial resources by tapping into foreign resources as a “robust” measure in the current year. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment