Support for production main task of Investment Guarantee Fund

Yasuj, Kohkiluyeh-Boyer Ahmad Prov., Nov 9, IRNA – Managing Director of Investment Guarantee Fund for Small Industries of Iran says one of the main and major responsibilities of the fund is overall support for production and employment which will be followed seriously. Speaking at a workshop, Ali Taaqoli said small industries have outstanding effect on creating job opportunities and boosting production and for this reason they should be further protected. He further remarked that the Investment Guarantee Fund for Small Industries is administered by financial resources of government and is active under the supervision of Ministry of Industry, Mine and Trade. The official said support of the fund for small industries in each province is subject to economic capacities and capabilities of that province, adding that the fund has taken steps for signing memoranda of understanding with a number of banks in the countries such as the Industry and Mine, Melli, Keshavarzi, Pasargad and Imam Reza (A.S.) Mehr Fund. Meanwhile, Seyed Mousa Khademi, governor general of the province said foundation and operation of the fund is among valuable opportunities provided by the government for protecting production and employment which should be optimally used. He said depositing bail has been one of the main problems of those applying for bank facilities in different economic sectors particularly in industry which has been greatly removed by the Investment Guarantee fund. Also speaking at the workshop, Manager of Imam Reza (A.S.) Mehr Fund said the fund has concluded a memorandum of understanding for cooperation with a number of provincial executive organizations, underlining support for the sale of provincial products as being among major policies of the fund./end