Value Chain Completion key to Boosting Revenues: Official

Value Chain Completion key to Boosting Revenues: Official
(Monday, February 12, 2018) 16:54

TEHRAN (NIPNA) – Completion of the value chain and production of end-user items can enhance profitability of the petrochemical sector, said an Iranian economic official.

President of the Foreign Investment Association of the Iranian Chamber of Commerce, Industries and Mines Hossein Salimi told NIPNA that: "Fortunately, because petrochemicals are mostly exported, they can generate revenue for the country and completing the value chain in the sector can boost profitability of the produced items."

"Considering the importance of employment in the country, attention should be paid to the development of industries both in the upstream and downstream sectors. Now, employment in the upstream sector of the petrochemical industry is less than its downstream sectors which must be considered by policy makers," he added.

Emphasizing the importance of attracting foreign investment for development and job creation in the country, Salimi said: "Improving the business environment, entry of foreign banks by building infrastructure and the healthy rating of banks, encouraging foreign investment and the introduction of new technologies, are some factors that can boost the production sector in the country."

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