Industries Ministry to finish incomplete projects

Tehran, March 17, IRNA -- The Ministry of Industries, Mines and Trade plans to complete unfinished projects, assess value chain of industrial undertakings, pull itself out of recession and put finance resources into operation. Hossein Ayoubi-Mehrizi, a deputy industry minister, listed the ministry's achievements in the year to end March 20, 2015, as following up the procurement of the production sector's financial resources including $46.87 million worth of liquidity as capital inflow and $6.25 billion for launching incomplete projects by boosting interactions with the Central Bank of Iran and agent banks, amending a number of regulations in the CBI's Monetary and Credit Council and putting foreign financial resources into operation. He added the ministry will continue these steps in the year from March 21, 2015. Since March 21, 2014, the ministry has put forward proposals to the government to support and boost industrial and mineral production, the most important outcome of which was compiling the draft of a bill to remove the obstacles facing the production sector and improve the financial system, Ayoubi-Mehrizi noted, according to Iran Daily. He added the ministry pays special attention to studying the obstacles to the implementing and gradually activating incomplete industrial and mining projects placing a high priority on the completion of production chain, identifying important national projects and following up the process of revising regulations. The deputy minister noted the production sector's indices have improved since mid-March, 2014, adding the Ministry of Industry plans to do away with unnecessary regulations in the year to start March 21, 2015.