Domestic Economy

Over 200 Industrial Units Resume Operations in Q1

Over 200 Industrial Units Resume Operations in Q1Over 200 Industrial Units Resume Operations in Q1

In the first quarter of the current Iranian year (started March 20), a total of 211 inactive industrial units across Iran resumed operations with the help of Iran Small Industries and Industrial Parks Organization, affiliated to the Ministry of Industries, Mining and Trade.
In a recent meeting with officials from the organization, Hossein Modarres Khiyabani, the ministry’s caretaker, said based on the policies devised for reviving inactive industrial units, an additional 1,500 recession-hit small- and medium-sized enterprises will be helped back on their feet by the end of the current fiscal year (March 2021), IRNA reported.
“As per a similar initiative, 1,020 inactive mines will be revived by the end of the year,” he added.
Khiyabani noted that despite the obstacles created by US sanctions, 200 major industrial projects with an aggregate value of 1.7 quadrillion rials ($8.5 billion) will be implemented by the fiscal yearend.


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