TEHRAN, Iran, June.28
Trend:
Iran's Ministry of Industry, Mine and Trade is announcing an incentive package for investment development to top companies, said the deputy of planning in the Ministry of Industry, Mine and Trade.
"In regards to resistance economy, the Ministry's agenda is to sign an agreement with top companies for investment development and companies would be obligated to invest in productive and progressive sectors of the economy," said Saeed Zarandi, Trend reports citing IRNA.
"It is necessary that the ministry would support and facilitate production and investment affairs, in this regard drafting supportive policies for these companies and businesses are being reviewed. The following incentive package includes 14 cases in companies that seek to participate in an investment that would be more complete in the future," he added.
So far 10 agreements with 163 investment subjects valued at $107 billion signed between the Ministry of Industry, Mine and Trade and Chadormalu Industrial Company, Almahdi Aluminum Co, Machine Sazi Arak, Sepahan Oil Company, Shirin Asal, National Iranian Copper Industry Company, Golgohar Industrial Company, Iran Radiator, Gohar Zamin Iron Ore Company, Zar Industrial Group.
"The country's economic development requires an increase of productive investment based on competition and completing value chain, " Zarandi noted.
"Forming big industrial and mineral companies would boost small and medium businesses that could use cooperation capacities with big companies and use many fields including research and development, innovation and export potential," he said.