Domestic Economy

Industrial Subsidies

Industrial SubsidiesIndustrial Subsidies

Government has allocated 12,000 billion rials in subsidies to the industry and mines sector, Mohammadreza Nematzadeh, the minister of industry, mine and trade said on the sidelines of the 14th International Industry Exhibition. The government has allocated one thousand billion rials for payment of export awards, adding that priority is given to high tech industries with high value added. As IRNA reported, the minister asserted that while the manufacturing sector waits for a highly anticipated economic boom and the government is making efforts to remove the existing shortcomings, the industry ministry will continue to support business innovators, industrialists through providing finances for their activities.