20491
ICCIMA Head Takes Stock of Impediments to Industrial Growth
Economy, Business And Markets

ICCIMA Head Takes Stock of Impediments to Industrial Growth

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour says growth in the industrial and mining sectors calls for improvement in market competitiveness and transparency with help from both private and government sectors.
He made the remark at a ceremony to commemorate the Industries and Mining Day last week, which was attended by First Vice President Es'haq Jahangiri and Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh, IRNA reported.
"High value-added tax, failure to inject revenues generated from implementing Subsidy Reform Plan to the manufacturing sector, banks' refusal to reschedule the manufacturers' debts and restrictions on international banking transactions" were mentioned by Jalalpour as the main challenges currently faced by the industrial sector.
The ICCIMA head also called on government officials to focus on fighting corruption and smuggling, noting that the industrial sector could benefit more from a curb on smuggling than from receiving government subsidies.
He criticized the former administration led by Mahmoud Ahmadinejad for "mishandling the privatization of state-owned companies", noting that "many companies were transferred to unqualified individuals or entities".

Short URL : http://goo.gl/R2bP7W

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,...
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...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...

Trending

Googleplus