Iranian minister: Supplying production sector with liquidity is main priority

Business Materials 5 November 2012 11:39 (UTC +04:00)

Azerbaijan, Baku, Nov.5/ Trend G.Mehdi/

Providing the production sector with liquidity is the main priority, IRIB quoted Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari as saying on Monday.

"If we supply them with sufficient revolving capital and remove their banking and insurance problems, they will be able to boost their production significantly," Ghazanfari said.

We are looking forward to the National Development Fund to allocate 10 percent of its assets to the production sector, he added.

On May 15, Ghazanfari said that ten percent of the NDF's assets will be allocated for supporting the domestic production sector.

He told IRNA that three percent of assets of specialized industry and agriculture banks will be also paid to boost the production sector.

According to the current year's budget law, 10 percent of the NDF's assets should be turned into rials and be invested in the agriculture sector and 10 percent in the industry sector.