Industrial Development and Renovation Organization of Iran (IDRO) will make 265 trillion rials (about $6.3 billion) of investment in the country’s deprived areas, according to the acting head of the organization.
Amir Bayat Tork said that such investment making will create direct jobs for 11,000 persons, IRNA reported.
The official said that over 80 percent of the IDRO’s projects are implemented in the deprived regions, adding that expediting the implementation of these projects is a serious priority of the organization in the current Iranian calendar year (began on March 20), which is named the year of “Surge in Production”.
In the year of “Surge in Production”, IDRO has outlined an operational program for increasing productivity and efficiency to materialize this motto.
The eleven sections defined in the mentioned program will boost efficiency in the industry sector which is a prominent factor for the surge in production.
Industrial Development and Renovation Organization of Iran was established in 1967 to develop the industrial sector and to accelerate the industrialization process of the country.
Deputy Iranian Industry, Mining, and Trade Minister Darioush Esmaieli says over 90 million tons of iron ore was produced in the country during the previous Iranian calendar year of which only seven percent was exported.
Iran’s 12th Doors & Windows Technology International Exhibition will be held at the Tehran Permanent International Fairgrounds during July 2-5, the head of the exhibition’s organizing headquarters announced in an interview conducted by the Public Relations Department of Iran International Exhibitions Company.
Iranian Industry, Mining, and Trade Ministry announced that a total of 17.6 trillion rials (about $419.04 million) of facilities have been allocated to support 465 production units in the first two months of the current Iranian calendar year (March 20-May 20).
Iranian President Hassan Rouhani said this year’s motto ‘Surge in Production’ is the key to solve problems, adding that people can foil the enemies’ schemes through relentless efforts.
Iran's Deputy Industry, Mining, and Trade Minister Darioush Esmaili says the country’s Mining Investment Insurance Corporation (MIIC) is going to allocate 30 trillion rials (over $714.2 million) for supporting mining exploration projects, IRIB reported.
Production of aluminum ingot in Iran rose 47 percent during the first two months of the current Iranian calendar year (March 20-May 19) compared to the same period of time in the past year, IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).