TEHRAN- Iranian deputy industry minister announced on Monday that during the past year, about 1,300 industrial units have come back online to production cycle via injection of financial resource, IRNA reported.

“There are around 43,000 production units in Iran’s industrial parks, which contribute to 45 percent of domestic employment,” Mohsen Salehinia said.

“Some 95 percent of businesses are run by small and medium-sized industries and 50 percent of exports are done by this sector,” he said, “and 70 percent of job creation is also done by them, as well."

According to Salehinia, in the upcoming Iranian calendar year 1398 (starting March 21, 2019), the government plans to provide facilities under the framework of subsidies for projects with more than 60 percent of physical development, to supply working capital of firms, to renovate production units and etc.  

HJ