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Number of licenses issued in Iran’s Sistan and Baluchestan Province increase

Finance Materials 21 November 2020 23:59 (UTC +04:00)
Number of licenses issued in Iran’s Sistan and Baluchestan Province increase

BAKU, Azerbaijan, Nov. 21

By Elnur Baghishov – Trend:

The number of licenses issued for the establishment of enterprises in the Sistan and Baluchestan Province (southeastern Iran) increased by 24.9 percent during the first six months of the current Iranian year (from March 20 through September 21, 2020) compared to the same period last Iranian year, Trend reports citing Ministry of Industry, Mine and Trade of Iran.

According to the statistics, 432 enterprises were licensed to be established in the Sistan and Baluchestan Province over the first six months of the current Iranian year. While in the same period last Iranian year, the figure stood at 346 enterprises.

“It is planned to invest about 11.3 trillion rials (about $270 million) into the enterprises licensed to be established within 6 months,” the statistics said.

The volume of investments decreased by 42 percent compared to the same period last Iranian year. Thus, 19.5 trillion rials (about $465 million) worth of investments were planned for the licensed enterprises in the same period last Iranian year, the statistics said.

According to the statistics, about 6,510 people are envisaged to be employed at the enterprises licensed during six months. The employment increased by 15.7 percent compared to the same period last Iranian year. Thus, it was planned to employ about 5,630 people at the enterprises licensed in the same period last Iranian year.

A total of 12,800 enterprises were licensed to be established in Iran during the first six months of the current Iranian year (from March 20 through September 21, 2020) with an investment of 2.25 quadrillion rials (about $53.5 billion).

In general, 410,000 people are envisaged to be employed at the enterprises licensed within 6 months. The number of issued licenses increased by 46.9 percent compared to the same period last Iranian year. This resulted in an increase of 42.5 percent in terms of investments and 36.3 percent in terms of employment.

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