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Low rate of productivity blamed for weakness in Iran's industry, economy

Saveh, Markazi Prov, Dec 8, IRNA -- Low rate of productivity is a major weakness of the country's mines and industries sectors, said Minister of Industries and Mines Eshaq Jahangiri in Saveh on Tuesday.

Addressing managers of mine and industrial organizations in Iran's Markazi Province, Jahangiri said presently, the productivity rate is low in the manpower, capital and energy sectors.

Jahangiri said the private sector should observe the well-established indices to better manage its capital and raise the productivity rate.

He hailed Markazi Province as hub of Iran's industrial and economic development considering its proximity to Tehran, as a very lucrative consumption market with appropriate manpower resources.

Jahangiri also pointed to the water supply problems, saying the Energy Ministry would in the fourth five-year economic development plan (2005-10) meet the amount of water the industry sector needed in the area(s) deemed necessary.

Meanwhile, Governor general of Markazi Province Abdolmohammad Zahedi told the audience that good interaction among the state and industry managers as well as the industrial organizations have been among the most important factors for speedy and considerable growth in investment in the province.

"Despite having a share of mere 2 percent in the country's population, Markazi Province has successful to win a share of 10 percent in exports; this indicates the grave role of the province in country's economy and industry," he said, underlying the capabilities of Saveh city in attracting investment despite the shortage of water.

There are currently some 2,200 mine and industrial firms in Saveh city.

There are 80,000 people active in the industry and mines sectors in the Markazi province.

... Payvand News - 12/8/04 ... --

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