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Sunday 11 August 2013
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the role of NDFI in  providing financial facilities for the industrial sector

the role of NDFI in providing financial facilities for the industrial sector

NDFI, in essence, is a developmental entity. A main task of NDFI is to consider various sectors, especially the industry, manufacturing and economic sectors which is the main mission of NDFI. In industry and mining sector, Some influential measures have been taken and the development strategies for the country has been drawn up. Regarding industrial development, various programs have been pre...

NDFI, in essence, is a developmental entity. A main task of NDFI is to consider various sectors, especially the industry, manufacturing and economic sectors which is the main mission of NDFI.

In industry and mining sector, Some influential measures have been taken and the development strategies for the country has been drawn up. Regarding industrial development, various programs have been prepared, the first was prepared in 1384. The industrial development plans clarify how the government should support which sectors either through tax, interest rates or other mechanisms. These plans make it very smooth for NDFI to carry out its tasks and back the development plans through providing financial facilities.

Having convened numerous sessions with the Ministry of Industry, Mine and Trade, now NDFI cooperates with and supports the Industries. As of today, the largest share of NDFI facilities have gone to industry and mining sector. More than 85% of NDFI foreign currency facilities have been allocated to industry and mining sector. The same is true with the loans granted in national currency.

NDFI is a new born unprecedented entity in Iran to help various economic sectors and is able to improve their competitiveness as well. It can also cause new investments in these sectors through easy loans, both hard currency and national currency.

NDFI is also mandated with enhancing non-oil exports, an issue reflected in its Articles of Association by providing buyer’s credit.

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