Home Appliances Output Rises by 28%
IRAN NEWS ECONOMIC DESK
TEHRAN – Industry, Mining, and Trade Minister Alireza Razm Hosseini says the production of home appliances has grown by 28 percent as 9 million sets of home appliances were produced last year and according to the plans, it will rise to 12 million sets next year.
Speaking on a TV program, Razm Hosseini said that after resolving forex problems, the country will face affluence of production and commodities while the price of steel has declined from 14,000 tomans to 10,000 tomans and the price of the car has also faced 30 percent decrease.
He added that the number of home appliances productions grew by 28 percent last year by production of over 9m sets and it is expected the number to hit 12m sets next year.
Razm Hosseini also admitted that the growth of liquidity has great negative impact on other markets like forex, housing and cars and all should work to eliminate middlemanship, adding that in the past eight months the car production has increased by 25 percent, expressing hope by reinforcing the production, middlemanship would be gradually eliminated from the market.
On the process of registration and ordering imports, he said the process has been accelerated by removing some bureaucratic steps and electronizing the system for registration. He added that the ministry has launched a comprehensive trade system which registration for imports is done through this system which is connected to Iran Central Bank. He admitted that this system has been earlier launched in the developed countries and it can help the transparency and it can be a good data base and help minimizing the corruption.
Razm Hosseini added that all supervising bodies which are involved in regulating the market are working hard for controlling the prices, noting that all should accept this matter that the country is in an economic war and it will have its own impact on the market.
He reiterated that he disagrees with the system of suppressing the market by commanding the prices, saying that the demand and supply should determine the prices. But the government should monitor the market to control overpricing, he noted.
On the mining sector, he said over 11,000 undecided mines exist in the country which have been abandoned and they have not been exploited. He said those who have received licenses for exploration and have not started operations yet have a three-month deadline to start otherwise the mines will be handed over to other persons through holding tenders.
The minister also said that some 10,000 production units in the industrial parks have been closed due to different reasons and the ministry has plans to revive some 2,000 of them by the yearend.
Razm Hosseini reiterated that the output in the vehicle sector will increase by 50 percent by June, 2021.
On the significance and performance of Iran Mercantile Exchange, he said IME is a place for transparency and it is not merely a place for discovery of price. He admitted that the price of steel in the domestic market is higher than the international price and unfortunately middlemenship and mafias in this sector are active and the ministry seeks eliminating middlemanship.