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Iran expects increase in production

Business Materials 16 April 2021 15:57 (UTC +04:00)
Iran expects increase in production

TEHRAN, Iran, Apr.16

Trend:

The stock market is a proper path for the supply of basic materials and conducting liquidity toward production and securing the real price of products, Trend reports citing IRNA.

It is predicted that the role of the stock market in supporting production would increase, said Mohsen Salehinia, Deputy Minister of Industry, Mine and Trade.

"While there are limitations but there should be more confident in the investment of projects so producers would have the capital to implement projects," he said.

The Deputy Minister went on to say that considering the increase of basic material prices such as steel, petrochemical, and other items it is necessary to inject more funding and resources into production activities in the current Iranian year (started March 21, 2021).

"Utilizing Gam credit certificate plan is one of the cases in the agenda of the Central Bank of Iran that is considered a positive step to supply financial resources for production. If this plan is adopted by all businesses in the market could synchronize resources and necessary advances in all cycles of the industry," Salehinia noted.

"The capital market would play a vast role in the production and removing obstacles, and attract investment in production and support projects. The mercantile exchange has a specific function in terms of trading basic materials for petrochemical and steel and the prices and transactions are done in a transparent mechanism," he added.

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