Concerns Over Decline in Investments
IRAN NEWS ECONOMIC DESK
TEHRAN – Deputy Industry, Mine and Trade Minister says the decline in investment in production sector and productivity of capital is the major concern in the industry and mine sector.
Speaking in a videoconference with his deputies in provinces, Mr. Saeed Zarandi said the decline in investment and lack of major mega industrial projects can create problems for the country in the future and the country should direct capitals towards production in the provinces.
He noted that productivity of capital is the major concern of the ministry, adding that there are several unfinished projects in the country where billions of tomans have been invested and all should work to complete them.
He emphasized there is no reason why an investor should start activity from scratch while there are several unfinished projects in the country.
Zarandi added that provincial organizations should guide new investors towards the unfinished and shelved projects.
He said in the current year, the ministry is determined to encourage production units to step into capital market and to issue bonds and other tools for boosting production.
