11751
Industrial Sector Grows 6.5%
Economy, Domestic Economy

Industrial Sector Grows 6.5%

The industrial and mining sectors grew by 6.5 and 10.5 percents respectively during the first six months of the current Iranian year (March 21- September 22) according to deputy minister of industries, mine, and trade, Hossein Abboie Mehrizi, adding that 20% more operating licenses were issued in the first nine months compared with the similar period last year.
“Since it assumed office, President Hassan Rouhani’s government has managed to stabilize the fluctuations in the domestic industrial sector despite the limitations in terms of shortage of both national and foreign currency revenues,” ILNA quoted the official as saying.
“Adjusting the supply levels to meet the anticipated domestic demand, regulating and stabilizing the prices, and stopping the downward trend in production in some industries such as automotive, petrochemicals and basic metals,” were cited by the official as the other measures taken by the Rouhani administration since taking office in August 2013.
Noting that the export of non-oil commodities registered 18 percent growth in the first nine months of the current year, while imports have grown by 15 percent, Mehrizi said: “The import of finished products reduced by 5% during this period while import of raw and intermediate materials grew by up to 39 percent, which indicates a relative growth in the level of investments and productive activities.”
Iran experienced a 4 percent economic growth in the first half of the current Iranian year, following two years of consecutive negative growth, according to data provided by the Central Bank of Iran. President Rouhani’s election in August 2013 is marked by many experts as a turning point in Iran’s foreign policy.

Short URL : http://goo.gl/q338jc

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
Banks, Petrochems Dominate List of Iran’s Largest Companies
Iran’s Industrial Management Institute released on Sunday the...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
The forex volatility had caused widespread concerns among the public and investors .
After weeks of wild rallying, the US dollar has lost its...
Tehran Housing Construction Permits Rise in H1
The number of residential construction permits issued in...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
Insurance E-Marketing Rules Notified
The Central Insurance of Iran has published rules to regulate...
New US Probe May Dim Boeing Deal Prospects
An Iranian airline under sanctions by the US for ferrying...

Trending

Googleplus