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Iranian industry to create 200,000 jobs this year

Minister of Industries and Mines Es'haq Jahangiri said in Mashhad, Khorasan province on Thursday that the government plans call for creating 200,000 employment opportunities in the country in the current Iranian year (started March 21), IRNA reported.

Speaking at a nation-wide meeting of industrialists, he added hat although prospects for attaining the employment figure are good, a 10 percent growth in the industrial sector was a pre-requisite to achieve this goal.

Jahangiri referring to the 10 percent industrial growth rate over the past two years, expressed optimism about attaining an even better growth rate this year.

He also said the future bodes ill for "educated unemployed" saying that generating employment should be such that it prevents brain drain and meet the needs of job seekers.

He referred to the 20-year plan for industrial sector adding that it stipulates an eight percent economic growth rate "which is likely to expedite development of the industry sector."

Also, the plan also calls for industrial exports to top dlrs 28-30 billion by year 2020 form dlrs three billion now.

Jahangiri further said Iran's strategic plan is based on industrial development and all of other socio-economic plans should be consistent with industrial development.

He said the Fourth Five-Year Development Plan (2005-2010) is being drawn up by the government and experts committees have been formed for this purpose.

An official in Industries and Mines Ministry said last week that domestic industry showed solid sign of improvement during the Third Five-Year Development Plan (March 2000-March 2005).

Deputy Minister for Planning, Development and Technology Siamak, Samimi-Dehkordi said the gross capital investments was 12.18 percent last year compared to a minus 17 percent prior to the onset of the plan.

He added that the investment growth has been estimated at 18 percent during the plan, "but it has so far revolved around 12 percent."

He further said that share of industrial value-added has registered a 1.8 percent growth annually during the plan.

Samimi said the average industrial value-added in industrialized countries, as well as in China and Malaysia is 22 percent, 37 percent and 34 percent, respectively.

The world average industrial valued-added is 22 percent which Iran has not yet achieved, the official underlined.

He said the share of the budget allotted to industrial and mining sector has been raised from one to three percent.

Samimi also stressed the vital role of the private sector "as guaranteeing the growth of industrial sector."

He referred to establishment of surplus hard currency fund as vital source of financing industrial projects.

The hard currency loan to the private sector exceeded over dlrs three billion from the fund in the past two years, compared to previous years in which the sector was only provided with dlrs 400-500 million in credit finance, he stated.

He said 200 major industrial projects with investments exceeding dlrs one billion are expected to be implemented across the nation in the current Iranian year (started March 21).

He added this is why the current and next years are predicted to provide exceptional opportunities for the industry sector.

"There has been a remarkable boost in private sector investment in the current year as almost 100 percent growth has been recorded in such investments in the past two months," he added.

... Payvand News - 8/1/03 ... --

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