Investing in underprivileged areas
A review of the location of the investments of Setare Flat Industrial and Economic Group shows that a significant part of the industrial activities of this group is formed in provinces such as Kermanshah, North Khorasan and Qazvin; Regions that, compared to the main industrial hubs of the country, usually face more restrictions in attracting capital, creating job opportunities and maintaining production activities.
A review of the location of the investments of Setare Flat Industrial and Economic Group shows that a significant part of the industrial activities of this group is formed in provinces such as Kermanshah, North Khorasan and Qazvin; Regions that, compared to the main industrial hubs of the country, usually face more restrictions in attracting capital, creating job opportunities and maintaining production activities.
Such conditions usually reduce the attractiveness of investment and make it more difficult for capital to enter these units. In many cases, the condition of the industrial units, the infrastructural and economic conditions of the region, and the costs required to continue the activity, made investors no longer willing or ready to accept these costs and risks. However, in some of these cases, Mr. Darvishund decided to invest his capital in these collections; A decision that meant accepting the costs of rehabilitation, providing resources, removing production obstacles and spending time to return the units to the activity track.
The importance of this type of investment in less privileged areas is not only in creating a new business. Maintaining a factory, preventing the closure of a production unit and keeping existing job opportunities are also part of the economic effect of investment. For an area where it is difficult to create a new job opportunity, not losing existing jobs can be just as important. Along with the employees of industrial units, contractors, suppliers, drivers, technical services and other related businesses also benefit from the continuity of these collections.
In the continuation of this path, attention to human resources is not limited to maintaining employment. With the stabilization and development of the activities of the units, the improvement of salaries and benefits, efficient payment and increasing the welfare support of employees and their families have also been considered. In this way, part of the effect of investing in less privileged areas, in addition to maintaining an industrial capacity and creating employment, has been shown in improving the economic and welfare conditions of people whose lives and income depend on the continuity of these units.
Today, the activities of Setare Flat Industrial and Economic Group have created about 5,000 direct jobs and 5,000 indirect jobs. Part of this employment is the result of creating new capacities and part is the result of maintaining and developing existing capacities; A capacity that, in case of non-inflow of capital and acceptance of risk, a part of it might be removed from the production and employment cycle.
From this point of view, the examination of the path of the investments made shows that the presence in the less privileged areas for this group did not only mean choosing a place for investment; In some cases, the principle of the decision was based on accepting a risk that other investors were not willing to accept, with the aim of maintaining an industrial capacity, providing continuous employment, and then transferring the benefits of its sustainable activity to the human resources and economy of the region.