Iran to invest $15 billion in Industry
Azerbaijan , Baku, July 19 /Trend/
Iran will invest $15 billion in industry to boost development and launch of new projects, IRNA reported quoting Mines and Industry Ministry caretaker Mehdi Ghazanfari as saying.
"A total of $15 billion will be invested in industry provided by banks," he said.
20 percent of cutting subsides revenues will be invested in industrial, agricultural and mineral products and currently more than $900 million distributed among manufacturers, he added.
It is expected $5 billion will be assigned to industrialists and manufacturers while Iranian banks invest $10 billion in developing plans in private sector and reconstruction of industrial units.