Industry Ministry inaugurates projects worth over $5.4b
The Ministry of Industry, Mine, and Trade inaugurated 196 industrial, mining and trade projects worth about $5.48b during March 20-June 16.
The mentioned projects have created job opportunities for 10,200 people, shatanews.ir reported.
As reported, of the total figure, 101 projects were development plans.
The Iranian Ministry of Industry, Mine, and Trade has implemented a new program called “Persistent Production, Effective Employment, Sustainable Exports,” based on which the ministry plans to inaugurate 200 industrial, mining, and trade projects across the country by the Iranian year 1400 (starting March 20, 2021).
A total of about $40.23 billion has been invested in the mentioned projects that will create job opportunities for 41,000 people.
The mentioned program has been defined by the ministry in line with the government’s new strategies for developing the country’s infrastructure in order to realize the motto, “Surge in
Production.”
According to the Industry Ministry’s news portal, in the first two months of the current year (March 20-June June 20), despite all restrictions created by the outbreak of the coronavirus, as well as the US sanctions, industrial production increased in many sectors.
The production of car tires increased by 27 percent; the production of chipboard increased by 30 percent; and aluminum ingot production saw a 32 percent rise, while alumina production increased by eight percent.
Production of industrial oils underwent a 15 percent rise and petrochemical production rose six percent in the said two months.
The Ministry of Industry has also taken serious measures for the reopening of the country’s borders with neighboring countries in order to bring the country’s foreign trade back to normal.
Also, in order to supply basic goods for the people, 3.5 million tons of wheat were purchased from farmers in the mentioned two months, which was four percent more than the previous year’s guaranteed purchases in the same period.