TEHRAN, Iran, Mar.25
Trend:
The establishing of a Supreme Investment Council has been suggested to the Minister of Economic Affairs and Finances to support production in the current Iranian year (started March 21, 2021) to create more focus on investment on production and mega projects, said former Acting Minister of Industry, Mine and Trade.
"The main responsibility of supreme investment council is to define mega projects and infrastructure in various sectors so there would be a collaboration between public organizations to prepare the ground for investment and operation of the mega project, "said Hossein Modares Khayabani, Trend reports citing Mehr News Agency.
"Supreme investment council could have a serious role in Iran's economy by dividing national responsibilities between public and private organizations alongside banks, universities to financially and scientifically support production. The government can be responsible for supreme investment council and cooperation of all organizations could be a new step in obtaining investment and production leap," he added.
Khayabani went on to note that investment is the biggest supporter of production, especially in production factories with old types of machinery. There should be an investment in renovation and updating factories for production efficiency.
"Investment on mega projects could be in mine exploration, multidimensional transportation especially railway, producing electronic cars, new materials and providing livestock inputs, especially since the country would need energy and new basic material in coming years," he stressed.