Industry, Mining, and Trade Ministry Announces New Investment Priorities
The Industry, Mining, and Trade Ministry’s department for planning has posted on the ministry’s official website a list of 328 fields of activity which have been prioritized for investment for Iranian calendar year 1394 till 1396 (March 2015-March 2018) in the fields of industry, mining, and trade.Placing the priority on the fields of activity mentioned in the list means that the ministry will support and back related projects and that other bodies have requested for support. Other services and required supports f investors will be followed up by related departments.In separation of industrial groups, the fields of activity include exploration, metals and metal products, non-metal products, petrochemicals and refineries, chemicals, cellulose products, foodstuff, pharmaceuticals, textile and clothing, power and electronics, metallic and home appliances, machine building and equipment, medical devices, cars, engines, and trade. Based on the report, investors can refer to the website of the ministry of industry, mining, and trade or provincial departments of industry, mining, and trade across the country to get acquainted with the process of investment in different fields of industry, mining, and trade.In line with improving efficiency and productivity of investments, the following items will be effective and influential:- Paying attention to exporting parts of the products (at least 30 percent)- Studying the market should not be confined to the domestic market. In feasibility studies, other markets and rivals in the international arena should be paid attention to and evaluated.- Products should be competitive without special government supports.- Making investment in large industries and export-bound fields should be in the form of participation with renowned foreign companies.- Technical knowledge and product development capability should be paid attention through research, development, and design in investment projects.- Considering the limited potential of domestic banks, the capital market and providing finance based on foreign resources and investors, should be prioritized in large investment projects. It should be noted that interested individuals can refer to the following official website for further information: www.mimt.gov.ir.