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 ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Roads and Urban Development Minister Abbas Akhoundi has...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...

Trending

Googleplus