12390
IMIDRO  to Invest  in Rural Areas
Economy, Business And Markets

IMIDRO to Invest in Rural Areas

Based on a new resolution passed by the parliament on Sunday, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the Industrial Development and Renovation Organization of Iran (IDRO), and the Iran Small Industries and Industrial Parks Organization (ISIPO) are allowed to invest up to 49% in the country’s underdeveloped areas, IRNA reported. The decision, taken by the parliament while reviewing the budget bill for the upcoming Iranian calendar year (starting on March 21), facilitates the establishment of small industries in rural areas and small towns. The lawmakers also passed a resolution based on which the government will be granted a $500 million loan to expand the water distribution network in rural areas. The loan, offered by the National Development Fund of Iran (NDFI), has to be paid back within eight years.

Short URL : http://goo.gl/l6Nac8

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...

Trending

Googleplus