Mohsen Salehinia announced yesterday that the center has been activated by China, Iran and South Korea for training and courses for producers in the industrial sector and soon Iran will send seven groups from seven industrial units for passing special training technological courses.

IRAN NEWS ECONOMIC DESK

He also said that the financial resources of the fund will be doubled by the end of the summer.

“The fund’s capital will be increased from its current 1.1 trillion rials (about $9.2 million) to 2.2 trillion rials (about $18.5 million) by the end of summer,” he said.

“Having its resources increased, the organization can improve its facilities up to 5 time or 6 times more than its available fund,” he added.

According to Salehinia, from among 43,650 industrial units in Iran, some 77.5 percent, i.e. 33,800 units, are presently active.

In a bid to protect Iranian economy and prosper industrial parks, some 400 trillion rials (about $9.52 billion) of financial resources is planned to be granted to Small and Medium-sized Enterprises (SMEs) this year.

ISIPO reportedly plans to expand the infrastructure of these production units, concentrate on increasing employment and job creation in them, improve their business environment, and supply the working capital of these production units to reach the set targets by the yearend.

He also added that industrial units account for $4 billion share of Iran’s total exports.

He made the remarks in a press briefing on Saturday on the occasion of supporting Small- and Medium-sized Enterprises (SMEs).

He pointed to the development projects of the ministry in the field of industrial parks and added, “Development projects are underway in 77 industrial parks and areas across the nation.”

Salehinia put the number of industrial parks and areas in the country at about 1,100 and added, “according to the latest statistics, Small- and Medium-sized Enterprises (SMEs) exported $4 billion worth of products last year (ended March 20, 2019).”

Elsewhere in his remarks, he pointed to the construction of 466 industrial clusters in the country and added, “These clusters are active in 97 projects including saffron, honey, carpet, etc.”

Salehinia put the number of industrial parks and areas under construction at 810 and said that Iran is home to nine special economic zones.

The Ministry of Industry has supported more than 33,700 industrial units for participating in domestic and foreign exhibitions, the deputy minister highlighted.

About 210 foreign investors have made major investments, valued at over $2 billion, in Iran’s industrial and trade units which have generated employment opportunities for 17,000 job-seeking people.