200 Industrial, Mineral Projects Worth 170000b Tomans to Come on Stream by Yearend
IRAN NEWS ECONOMIC DESK
TEHRAN – Acting Minister of Industry, Mine and Trade says developmental projects in different sectors of industries and mines are underway despite all international sanctions and restrictions, and 200 industrial and mineral projects worth 170,000b tomans will come on stream by the yearend.
Hossein Modarres Khiabani said that several developmental projects in mining and industrial sectors are underway and it conveys a clear message that the country has not been negligent of its development and this is a good news for the people.
He also emphasized the necessity of informing the people of the latest production achievements of the country in different mining and industrial sectors, reiterating that the country has not fallen behind in development and implementing projects comparing to other states while the Coronavirus pandemic has affected the world and the Islamic Republic of Iran has a satisfactory record.
Modarres Khiabani noted that Iran is currently fighting with different viruses like sanctions, slump in oil price and COVID-19 but even in this tough condition, it signals a clear message that development in the country is underway and developmental affairs have not been halted.
He added that 200 projects will be launched and inaugurated under the campaign of “National Production, Sustainable Job and Constant Exports” and all will be inaugurated by the president. He noted that those projects with investments worth 170,000b tomans are to come on stream by the yearend.
Modarres Khiabani also said today the country needs exports and forex revenues more than ever and since the country has been administered by the non-oil exports revenue since the second half of last year, the ministry’s policy is to focus on providing the country with forex resulted from the non-oil exports, and steel and copper production chains can play a key role in materializing the target of the ministry.
He also pointed to $9b forex revenues from mineral and mining exports last year, adding that the ministry’s job is to protect mineral exports in the international market as well as monitoring the needs of the domestic market especially this year that the policy of the ministry is to strengthen exports.
Modarres Khiabani further said that one of the challenges ahead of national economy in the current condition is to create job, adding that exports, production and control of imports should lead to job creation and for this reason, attracting investors from the private sector in the developmental project is important and it should be pursued.
