ID :
14410
Wed, 07/30/2008 - 14:20
Auther :
Shortlink :
http://m.oananews.org//node/14410
The shortlink copeid
Indian company allocates $30 million to invest in iron
DALEI, July 30 (Saba)- The Broad Chairman of Indian company for the Iron and Mines Trade Ali Gafar announced on Tuesday that the company intends to invest $30 million as a first stage in the extraction of iron and minerals in al-Dalei province.
During the meeting of al-Dalei governor Ali Taleb with chairman of Indian company, he briefed the governor on the preliminary results of the search for iron metal in thearea which studies show the existence of large quantities in the region.
He pointed out that the volume of investment in the project would cost, until the end of the last phase, up to $100 million which will provide 2500 job opportunities forlocal laborers.
The governor welcomed Indian investment in the area of iron and steel, affirming to provide all the facilities for the company to implement the project within the frameworkof advantages of Investment Law.
He directed concerned institutions to provide land required to the project in thearea.
During the meeting of al-Dalei governor Ali Taleb with chairman of Indian company, he briefed the governor on the preliminary results of the search for iron metal in thearea which studies show the existence of large quantities in the region.
He pointed out that the volume of investment in the project would cost, until the end of the last phase, up to $100 million which will provide 2500 job opportunities forlocal laborers.
The governor welcomed Indian investment in the area of iron and steel, affirming to provide all the facilities for the company to implement the project within the frameworkof advantages of Investment Law.
He directed concerned institutions to provide land required to the project in thearea.
