BAKU, Azerbaijan, Mar. 9
By Elnur Baghishov – Trend:
About 1.7 quadrillion rials (about $40.4 billion) worth of investments were made in Iran's industrial sector during the first 10 months of the current Iranian year (from March 20, 2020 through January 19, 2021), said Deputy Minister of Industry, Mine and Trade of Iran, Mehdi Sadeghi Niaraki, Trend reports citing the ministry.
He made the remark in a meeting with private sector businessmen in the Ardabil Province (northeastern Iran).
Sadeghi Niaraki noted that about 1.3 quadrillion trillion rials (about $30.9 billion) were invested in only 28 large industrial facilities over 10 months.
The deputy minister added that 5,700 industrial facilities were put into operation in Iran in 10 months, which is an increase of 8 percent compared to the same period last Iranian year.
“Iran imports about $25 billion worth of raw materials, equipment and spare parts per year. Over the next three years, Iran plans to produce $10 billion worth of raw materials, equipment and spare parts domestically. In total, $2.8 billion worth of raw materials, equipment and spare parts were produced in Iran domestically during the first 9 months of the current Iranian year (from March 20 through December 20, 2020), “ he said.