Home / Knowledge / News / Textiles / Govt owned petrochemical enterprises to be privatized
Govt owned petrochemical enterprises to be privatized
25
Sep '08
Gholam Hossein Nejabat, Managing Director, National Iranian Petrochemical Company (NIPC), recently stated that 20 subsidiaries of the company have been selected for privatization.

NIPC is whole owned by the government of Iran and works under the Iranian Petroleum Ministry that is responsible for the development and operation of the country's petrochemical sector.

Some of the enterprises that have been completely privatized include Carbon Iran, Farabi, Abadan, Khark, Isfahan, Arak, Shiraz, Razi and Polika Karaj and 52 of the 81 subsidiaries of the National Iranian Petrochemical Company have been semi-privatized.

NIPC wants to privatize more companies but only if Iran Privatization Organization (IPO) approves the transfer of other petrochemical enterprises as a single block or holdings.

Experts are of the opinion that, privatization will help the nation progress as there will be proper management and infrastructure that would improve the quality of work, which at present is missing in Government run companies.

It is believed that, privatization will make the best use of available man power and material resources to add to the wealth of Iran. This will effortlessly reduce the problem of unemployment and inflation, which has become a major reason of worry for the Government.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search