1,500 idle SMEs to be revived by Mar. 2021
As announced by the deputy head of Iran Small Industries and Industrial Parks Organization (ISIPO), some 1,500 idle small and medium-sized enterprises (SMEs) are planned to be revived throughout the country by the end of the current Iranian calendar year (March 20, 2021), IRNA reported.
Asghar Masaheb, the deputy head of ISIPO for small-sized enterprises, also said that of the 1,500 mentioned SMEs, 1,200 units are planned to be revived by the ISIPO and the industry, mining and trade departments of the provinces will revive the rest 300 units under the supervision of ISIPO.
The official further underscored, “While 1,334 idle SMEs were planned to be revived in the previous year, we managed to revive 1,444 units, despite the limited activities in the last month of the year due to the coronavirus pandemic.”
Iran’s Ministry of Industry, Mining and Trade’s data show that 335.77 trillion rials (nearly $7.99 billion) has been paid to small and medium-sized enterprises and semi-finished industrial projects with an over 60 percent physical progress during the previous Iranian calendar year (ended on March 19).
The mentioned payments were made in the form of 20,930 bank loans to various projects and production units, IRNA reported.
One of the major programs that ISIPO is following regarding the SMEs is reviving idle units and helping them to get back into the business to increase the country’s domestic production and to boost exports to the neighboring countries.
Holding training courses, supporting SMEs' participation in international exhibitions, supporting SMEs research and study projects, and supporting knowledge-based SMEs are some other programs that ISIPO is following to help SMEs expand their activities.
source: TehranTimes
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
