Signing of a tripartite memorandum between Imidro, Deputy Minister of Planning and Program of the Ministry of Industry and the Bank of Industry and Mines
On the sidelines of the fourth meeting of the Coordinating Council for Industries and Advanced Technologies of the Ministry of Industry, a tripartite memorandum of understanding was signed between Imidro, the Deputy Minister of Industry and the Bank of Industry and Mines.
According to the International Iranian Stone Exhibition, this memorandum was aimed at using the financial capacities of companies related to the ministry to finance priority units and projects in the industry and mining sector.
The meeting was attended by the Minister of Industry, Mines and Trade, the Deputy Minister of Commerce, Deputy Ministers and the Managing Director of the Bank of Industry and Mines.
This memorandum was signed between the Ministry of Industry, Mines and Trade, the Organization for Development and Renovation of Mines and Mining Industries of Iran (Imidro) and the Bank of Industry and Mines.
The purpose of concluding this memorandum was to help boost investment and finance units and projects in the industry and mining sector and to support employment in this field.
According to this memorandum, the parties agreed to increase the amount of deposits of Imidro subsidiaries and affiliates in three stages up to 30,000 billion Rials at a negotiable bank rate (based on the rate approved by the Monetary and Credit Council) with the Bank of Industry and Mines. Find.
Also, in the first stage, the Bank of Industry and Mines will provide facilities and credit in order to provide working capital, investment and financing the development projects of mining and industrial units in the first stage at least 4 times this deposit and at least up to 40,000 billion Rials. .
If this goal is achieved, Imidar will follow up and do the necessary cooperation to increase the amount of deposits of subsidiaries and affiliates in the second and third stages (10 thousand billion Rials each) until finally, the amount of facilities and credit available to the bank. The purpose of investing and financing projects and supporting production should be increased to 120,000 billion rials.
Identification, prioritization and announcement of projects related to the mining chain and mining industries is done through a joint committee between Imidro and the Deputy Minister of Planning and Planning, and at least 50% of the above financial resources will be allocated to this area.
Also in the industry sector, the priority of projects will be with the Deputy Minister of Planning and Program of the Ministry of Silence.
The process of registering the applicants for facilities from these sources, referring them to the Bank of Industry and Mines and reviewing, approving and paying the facilities, will be implemented and operational in the coordinated system of the Ministry of Silence.
On the other hand, with the aim of strengthening the financial turnover of the Bank of Industry and Mines, it was decided that the companies also do a part of the sales resources of the sales account related to the Commodity Exchange through the portal of the Bank of Industry and Mines.
