CEO: Banks can help boost production boom in Iran

Business Materials 12 April 2019 12:09 (UTC +04:00)

Tehran, Iran, April 12


The boom in production could save Iran's economy, Mohammad Reza Hosseinzadeh, CEO of Melli Bank said, Trend reports citing IRNA.

“The units that are simultaneously producing and selling are providing working capital,” he said. "The units that produce but store in the warehouse should try to get to the sales market.”

Hosseinzadeh went on to add that the banking system of Iran can help boost the production boom in the country.

"Given the high capacity of Iran in the financial and human resources, we can achieve self-sufficiency in production,” he believes.

He emphasized that the government's priority should be the provision of working capital for manufacturing units.

“This year and we have no plans to set up new units, with the exception of export-oriented manufacturing units and strategic goods manufacturers,” he said.