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Iran boasts big number of plants launched in Gilan Province

Business Materials 19 May 2020 16:52 (UTC +04:00)
Iran boasts big number of plants launched in Gilan Province

BAKU, Azerbaijan, May 19

By Elnur Baghishov - Trend:

As many as 160 new plants and factories have been commissioned in Gilan province (northern Iran) in the last Iranian year (from March 21, 2019 to March 20, 2020), said Farhad Dalgpush, chairman of the Organization of Industry, Mine and Trade of the province, Trend reports citing the organization’s website.

According to Dalgpush, with the commissioning of these plants, more than 2,000 people have been employed.

Dalgpush added that 16 trillion rials (about $380 million) was spent on the commissioning of the plants.

The official said that the loans were issued to solve the problems of enterprises, ensure liquidity and working capital in the province last Iranian year. A total of 12 trillion rials (about $285 million) loans were issued to 1,580 enterprises.

"Last year, 417 enterprises were restored in Gilan province," he said.

Dalgpush said that the problems of a number of unfinished industrial enterprises have been solved with the repayment of 492 billion rials (about $11.7 million) in loans from 16 small and medium enterprises.

There are 2,940 enterprises in Iran's Gilan province.

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