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Investments in the digital economy and startups have decreased

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Hossein Selahvarzi, the vice president of Iran’s Chamber of Commerce, announced: due to the internet outage in the last month, we have faced a decrease in the rate of investment in the field of digital economy.

At the beginning of his speech, Selahvarazi pointed out that the rate of investment in the country has been decreasing for about a decade. even according to the available statistics in 2017 and 2018, the rate of capital formation has become negative and in a way capital depreciation has exceeded capital formation.

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The vice president of the Iranian Chamber of Commerce emphasized that reports indicate that many projects, startups, and businesses have stopped at the same time as the internet was cut off.

Referring to the negative effects of internet interruption and restriction on businesses, he said: recent events and internet restriction and interruption at different times, especially filtering without prior notice, increase uncertainty and somehow can reduce the capital rate. Investment in this area is very effective. Because basically, the wave of disappointment in this type of business is the main pest for the lack of foreign and even domestic investment.

Criticizing the fact that in these years, there has not been a suitable trustee for data governance that can provide mobility in the employment rate and economic growth in innovation-based businesses, he emphasized that policies or ambiguities and risks such as bank transactions, frequent interruptions The Internet and other policies have created an atmosphere of insecurity for investors and caused the withdrawal of capital or non-investment in this sector.

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Adib

Adib Zahedi is the CEO and Founder of mazhd.com. He has nearly a decade of experience in IT, including two years spent working on a Youtube Chennal. He is also an author and writes articles for mazhd.com. Has articles include tutorials and covers everything from Windows PCs to smartphone's software.

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