A plan to promote local production

  • 1-11-2020, 16:26
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    Baghdad - INA

    Today, Sunday, the Ministry of Industry and Minerals confirmed that it is moving towards investment and engaging the private sector to rehabilitate factories and advance national industry, noting the opening of 8 strategic factories, which will contribute to reducing unemployment and appointing diplomas.

    Ministry spokesman Mortada Al-Safi told the Iraqi News Agency (INA), that "the process of rehabilitating laboratories needs financial allocations, and since the allocations are not available due to the economic crisis that the country is going through, which prompted the ministry to direct investment with sober private sector companies, whether local or "Arab companies or internationally known companies, as well as placing guarantees by the participant or investor with the Ministry's laboratories and companies."

    He added, "The ministry has drawn up a plan to involve the private sector with the public sector, aiming to advance the national industry," stressing that "the plan aims to operate the stalled laboratories of the ministry, which number from 80 to 85 factories."

    He pointed out that "the plan was divided into three sections, short-term, medium-term, and long-term, according to what these laboratories need in terms of achievement."