Industry and Mineral grants more than 158 foundation licenses to graduates

Baghdad-INA

The General Directorate of Industrial Development, one of the Ministry of Industry and Minerals departments, announced on Wednesday, that more than 158 foundation licenses have been granted to set up new industrial projects for supporting and encouraging young graduates.

"The directorate has granted more than 158 licenses to unemployed young graduates," Aziz Nazim Abd, director general of industrial development, said in a statement received by the Iraqi News Agency (INA), noting that "The increase in the number of licenses granted to young graduates and the turnout of graduates is the result of the appropriate environment provided by the Directorate and the privileges and incentives received by the graduate, which amounts to 90%.”
 
 He added that "The privileges include reducing the fees for obtaining the foundation permit, providing special places for establishing projects in cooperation with the companies of the Ministry, addressing the Central Bank to provide loans and preparing a training curriculum to introduce graduates to the basics of industrial projects." 
 
He also said that "The projects which was granted the foundation permit as part of the Directorate's initiative were not limited to traditional industries, but also diversified into the establishment of projects for innovative and unprecedented industries such as honey bee appliances, medical devices, etc.”