2,800 Industrial Units Revived Since March 2018

Atotal of 2,800 inactive industrial units have been revived since the beginning of the last Iranian year (March 2018) to date, according to Deputy Minister of Industries, Mining and Trade Mohsen Salehinia.

“Eight hundred of these units have been revived since the beginning of the current Iranian year [March 21, 2019],” he was quoted as saying by IRNA. 

According to the official, Iran has 840 industrial parks in Iran, which accommodate more than 44,000 production and industrial units.

“Currently, 22-23% of these production units are not operating due to different reasons, including shortage of working capital and high taxes,” he said.

“There are 99 industrial clusters in Iran and the 100th one is about to be inaugurated in a month.” 

Salehinia noted that the Ministry of Industries, Mining and Trade is pursuing plans to raise the number of industrial clusters in the country to 400.

News No: 7647
Date: 2019/11/30 - 18:22
News Source: Financial Tribune

Industrial  Mining  Trade  Mohsen Salehinia 


Leave a Comment:


TPO to hold seminar for introducing Indian market

Iran’s Trade Promotion Organization (TPO) plans to hold a seminar on December 18, to introduce potentials and capacities of the Indian market for Iranian traders and businessmen, the TPO portal announced.

Australian Labor mayor slams party’s lack of support for mineworkers

Jenny Hill, the Labor Mayor of Townsville in the state of Queensland, northeastern Australia, slammed her own party this weekend saying that its lack of support for coal mining is pushing people towards right-wing political organizations.

Saudi Arabian miner Ma’aden eyes $5bn Waad al-Shamal debt refinancing

Saudi Arabian Mining Co (Ma’aden) is considering full or partial refinancing of debt it raised for the Waad al-Shamal phosphate project, which is about $5 billion in total, its chief executive said on Thursday.

Copper primed for a pop if US-China trade war is resolved

Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday.

Mexico’s foreign minister rejects US new trade deal proposals on aluminium and steel production

On Sunday, December 8, Mexico’s foreign minister rejected the United States proposal for aluminium and steel production under the new trade deal, citing that it would leave Mexico at a disadvantage.

Iran, Oman Resolute to Raise Bilateral Trade to $5 Billion

Senior business officials of Iran and Oman, in a meeting in Tehran, pledged to meet the target of $5 billion in bilateral trade per annum by 2020, and exchanged views on avenues to fulfill the objective.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners