Sadeq Najafi, who is also the head of Iran Small Industries and Industrial Parks Organization, said some part of the mentioned loans is allocated as the governmental budget and the rest will be paid by the banks.

On May 6, Deputy Industry Minister Ali Rahmani announced that 28,602 production units received banking loans during the last Iranian calendar year.

The allocated loans were at the value of 200 trillion rials (about $4.76 billion), he said.

In late January, Najafi said during the next four years 161,000 new job opportunities will be created in 20,000 small industrial units across the country.

He noted that in this regard a program has been established for renewing and supporting the country’s small industries.

According to the official, small industries account for 92 percent of the country’s total industrial body and currently 85,000 of such units are active across the country, of them, 1,700 ones are large and industrial and the rest are medium and small-sized.

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The senior official opened Sangan Pelletizing Plant in Khaf region, with the capacity of producing five million tons of conglomerates per annum.

Some 12 trillion rilas (about $285.5 million) of investments was made to implement this project, completion of which will create direct jobs for about 1,000 people and indirect jobs for 5,000 ones.

Jahangiri also inaugurated the second phase of Binalood’s Pardis Paper Complex, Iran’s biggest paper producing unit, with the capacity of producing 150,000 tons of paper each year.

This phase was completed within 17 months using 1.25 trillion rials (about $29.7 million) of investments supplied by Iranian private sector and China and will create direct jobs for 300 people.

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