Be the representatives of the private sector

March 15, 2015 - Dr. Ali Sanginian, managing director of Amin Investment Bank in an interview with Donya-E-Eqtesad highlighted:

" As the 8th election of Tehran Chamber of Commerce, Industry, Mines and Agriculture will soon start, the important question is what is the new members’ mission?

The Chamber of Commerce’s efforts in helping the Iranian private sector and Small & Medium Enterprises' overcome their challenges have been under harsh scrutiny. It is important to recognize that a large and powerful enterprise is often able to solve obstacles through the vibrant private sector.

While a select list of the best performing private companies are provided by the stock exchange, this information could be biased since it is unclear whether the Chamber of Commerce is facilitator of the private sector and aims only to strength the connection between itself and the capital market.

Capital restructuring and advisory finance solutions are a high rank challenge of the private sector and must be taken into consideration that the development of the financial system is a long process. So far, the government’s effort to improve the financial system in the country is admirable.

It is time that the private sector starts financing through the financial instruments and trust in capital market capabilities and opportunities. Hence the capital market shall play an important role in the economic development of the country and a more active role in the development of the financial system. "