CoM grants investment license to Indian Co.

Baghdad (IraqiNews.com) The Cabinet Affairs Directorate within the Secretariat General announced the consent of the Council of Ministers to the National Commission of Investment to grant investment license for an Indian Company to establish a factory to produce welded iron pipes in Basra province.The Secretariat General reported in statement received by IraqiNews.com that ”The consent of the Cabinet based on the article (7) of investment law of 2006, ” pointing out that ”The gross cost of the project reaches USD (450) million.””The Investment National Commission submitted the project to the Cabinet and obtained the consent during second regular session of 2013 according to the resolution no. (21) of 2013,” the statement added. \