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TEHRAN, February 14 - Iran’s industry grew by 6.5 percent in the past Iranian calendar year (March 21, 2016 – March 20, 2017), said Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari.
TEHRAN,Young Journalists Club (YJC) - He said the figure came after two years of recession and a 10 percent negative growth.
The minister said $9.7 billion foreign investment was registered in the supreme council of foreign investment absorption of Iran in the post-sanction era.
40 percent of the money has been invested in various parts of Iran.
Iran’s nuclear deal known as the JCPOA was inked between Iran and the P5+1 countries — namely the US, Russia, China, France, and Britain plus Germany — in July 2015 and took effect in January 2016.
Under the deal, limits were put on Iran’s nuclear activities in exchange for the removal of all nuclear-related bans imposed on the Islamic Republic, among other things.
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