• private sector investments showing sign of improvement

      private sector investments showing sign of improvement

      private sector investments showing sign of improvement

      july 1 -- an official in khorasan
      provinces's chamber of commerce, industry and mines (ccim) qolam hossein shafei said here monday that private sector investment is showing signs of improvement in the economy.
      this will be an impetus for the government to lessen its role in economy and cede more affairs to the private sector which will lead to more vibrancy in industrial fields , "notably that of industry and mines."
      shafei said due to some obstacles the average rate of return in industrial sector is about 13.2 percent, "which is about six percent less than banking lending rates."
      he also said enthusiasm on the part of industrialist and entrepreneurs is the driving force for industry and "if these qualities wane then will also national production and employment."
      an official in industry and mines ministry said last week that domestic industry shows 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 that the gross capital investments was 12.18 percent last year compared to a negative of 17 percent prior to the onset of the plan.
      he added that the investment growth had been estimated at 18 percent during the plan, "but it has so far revolved around 12 percent."
      "other sign of revival point to an industry value-added of 14.35 percent and its share in gross domestic product (gdp) at 16 percent."
      he further said that share of industry value-added has registered a 1.8 percent growth annually during the plan.
      samimi said the average industry value-added in industrialized countries, as well as in china and malaysia is 22 percent, 37 percent and 34 percent, respectively.

      july 1 -- an official in khorasan provinces's chamber of commerce, industry and mines (ccim) qolam hossein shafei said here monday that private sector investment is showing signs of improvement in the economy. this will be an impetus for the government to lessen its role in economy and cede more affairs to the private sector which will lead to more vibrancy in industrial fields , "notably that of industry and mines." shafei said due to some obstacles the average rate of return in industrial sector is about 13.2 percent, "which is about six percent less than banking lending rates." he also said enthusiasm on the part of industrialist and entrepreneurs is the driving force for industry and "if these qualities wane then will also national production and employment." an official in industry and mines ministry said last week that domestic industry shows 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 that the gross capital investments was 12.18 percent last year compared to a negative of 17 percent prior to the onset of the plan. he added that the investment growth had been estimated at 18 percent during the plan, "but it has so far revolved around 12 percent." "other sign of revival point to an industry value-added of 14.35 percent and its share in gross domestic product (gdp) at 16 percent." he further said that share of industry value-added has registered a 1.8 percent growth annually during the plan. samimi said the average industry value-added in industrialized countries, as well as in china and malaysia is 22 percent, 37 percent and 34 percent, respectively.
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