Economy, Domestic Economy

Investors Shift to Large Businesses

Investors Shift to Large BusinessesInvestors Shift to Large Businesses

Just as the number of permits issued by the Ministry of Industries, Mining and Trade for establishment of industrial units saw a decline for the past Iranian year (Match 2015-16), there was a surge in the amount of investments for launching those businesses, indicating a shift from small to larger enterprises, according to a report by our sister publication Donya-e Eqtesad.  More than 16,000 such permits were issued during the period, 14.2% less compared to a year before. However, 1.2 quadrillion rials (about $35 billion at current market exchange rate) is estimated to have been invested in lunching industrial units, 16.5% more than the preceding year, the report shows.  Moreover, the number of operating permits issued for the same duration fell 2.6% to stand at 5,000. This is while investment in operating those businesses jumped 20% to stand at 18 trillion rials (over $520 million).