Industrial and mining sectors set to grow 6%

Deputy minister of industries, mines and trade, Hossein Aboui Mehrizi, has predicted the industrial and mining sectors will experience 6% growth by the end of the current Iranian year (to end March 19, 2016), Mehr News Agency reported.

He referred to the first three quarters of last Iranian year (March 21-December 21, 2014) for which 5.1% and more than 10% were recorded as industrial and mineral growth respectively.

Mehrizi said the 6% envisaged growth for the sectors this year is not far-fetched at all. “The manufacturing and industrial sectors need at least 1,950 trillion rials (more than $67 billion) in funding,” he said, adding that some 1,750 trillion rials (about $60 billion) are needed to complete pending projects.

By Financial Tribune