As per the Iranian New Year’s state tradition, the motto for the current fiscal (started March 20) was announced by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei in his inaugural address to be “Support for Iranian Products”.
Subsequently, many officials stepped forward to clarify the role of money and capital markets in facilitating the realization of this goal. “Financing the local companies is how money and capital markets can support Iranian production,” said the CEO of Export Development Bank of Iran and the former chairman of Securities and Exchange Organization, Ali Salehabadi, in an interview with SENA.
Salehabadi noted that with a population of over 80 million, Iran's potential is enticing for every producer but instead of offering this opportunity to foreign producers, local manufacturers must move in to make the best of it.
To have a competitive edge in the global markets, Iranian products need to be both of high quality and affordable. Consequently, they can be exported and only then local consumers can put their trust in the quality of Iranian products.
April 23, 2018 18:16
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Capital, Money Markets Financing Key to Support Domestic Production
In the budget law of the current Iranian year (started March 21), more than 1,000 billion rials ($23 million) worth of incentives like subsidy on loans’ interest have been considered for exporting industries
The capital market has the potential to lighten the overwhelming burden of banks to provide financing by employing huge resources from Iranian mutual funds and attracting investors to fund startups and entrepreneurs
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