TEHRAN – Iran’s Deputy Industry, Mining and Trade Minister Mohammad Mehdi Baradaran has said the supply of raw materials for production and industrial units has increased by 8.0 percent in the current Iranian calendar year (started on March 20), and the production of final products will increase accordingly.

“With the coordination made with the petrochemical industries and related companies, the raw materials required by the production and industrial units in the field of steel and chemical products have been allocated through an optimization system,” Baradaran told IRIB on Thursday.

According to the official, petrochemical companies provided 800 trillion rials (about $1.6 billion) of bank facilities to production units for credit purchases, which is a significant amount, and in this way, Industry Ministry has been able to solve the problem of supplying raw materials to production units to some extent.

Last week, the Industry Ministry announced that in line with supporting production and employment, 5,078 stagnant and semi-stagnant production units were revived in Iran during the past Iranian calendar year 1402 (ended on March 19), creating 51,951 jobs.

In the past few years, the deactivation of production and industrial units due to problems such as lack of liquidity, debt to the banking system, and lack of suitable machinery has become one of the main problems of the country; Therefore, the revival of stagnant and semi-stagnant production and industrial units was placed on the agenda of the government, and in this direction, the national movement for the revival of such units was formed, and Iran Small Industries and Industrial Parks Organization (ISIPO) paid special attention to solving the problems of these units and reviving them.

As reported by the ISIPO, 1,811 idle units were revived in the country during the previous year, creating 35,621 jobs.

Also, the production capacity of 3,267 units that were active with under 50 percent of their capacity was increased, and with this measure, 16,330 jobs were created.

As reported, 24 percent of the inactive and semi-active industrial units inside and outside the industrial parks and zones of the country were metal material production units and 21 percent were chemical production units.

Other revived production units were active in the food and beverage, cellulose, textile, electricity, and electronics fields.

EF/MA