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Iran continues restoring enterprises in East Azerbaijan Province

Business Materials 7 January 2021 13:57 (UTC +04:00)
Iran continues restoring enterprises in East Azerbaijan Province

BAKU, Azerbaijan, Jan. 7

By Elnur Baghishov – Trend:

The activities of 55 manufacturing enterprises in the East Azerbaijan Province (northwestern Iran) have been restored since the beginning of the current Iranian year (March 20, 2020) to Jan. 7, Deputy Chairman of Industry, Mine and Trade Organization of East Azerbaijan Province, Reza Eynullahzadeh said, Trend reports citing the organization.

Eynullahzadeh noted that in addition, it is planned to be restored the activities of 44 manufacturing enterprises by the end of the current Iranian year (March 21, 2021). Thus, the activities of 99 manufacturing enterprises in the East Azerbaijan Province will be restored in the current Iranian year.

The deputy chairman added that the problems of these enterprises related to the production of (lack of raw materials, working capital, etc.) have been eliminated.

There are about 4,000 enterprises operating in Iran's East Azerbaijan Province, which employ about 120,000 people.

A total of 144 enterprises were licensed to be launched in Iran's East Azerbaijan Province during the first eight months of the current Iranian year (March 20 through November 20, 2020). About 13.8 trillion rials (about $329 million) have been invested in these enterprises and 3,000 people have been employed.

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