Speaking at a ceremony to commemorate the National Industry and Mine Day in the central Iranian city of Yazd on Tuesday, Saeid Zarandi said, “[By reimposing sanctions] the enemy thought it could deal a heavy blow to the Iranian economy and destroy it in the year to March 2019. However, Iranian industrialists were capable enough to overcome all problems,” IRNA reported.
He said that from March 21-May 21, 2019, Iran’s employment rate and consumption of industrial electricity grew 20 percent and 3.8 percent, respectively, compared to the figures for the same period last year.
The deputy minister noted that in the year to March 21, 2019, Iran’s textile exports and imports stood at $1.03 billion and $1.65, respectively, indicating a six percent and a 36 percent decrease compared to the figures for the same period last year.
Stressing that Iran is determined to turn sanctions into opportunities for growth, he noted that the Ministry of Industry, Mine and Trade had defined seven projects to confront US sanctions in the year to March 2020, and has prioritized boosting domestic production.