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FinancialNews


  • 30-04-20

    Local production of industrial, mining products to save Iran over USD3.3 billion

    (MENAFN) According to Iranian Industry, Mining, and Trade Minister Reza Rahmani, local production of industrial and mining products is planned to save Iran more than USD3.3 billion in the recent Iranian calendar year.

    Rahmani said talking about the Industry Ministry's plans for reducing the imports of industrial equipment and machinery by USD10 billion in 2 years that, his ministry is going to follow its plan of strengthening local production more seriously in the recent year, which is named the year of "Surge in Production".

    He also said that, the ministry managed to decrease the industry and mining sector's imports by USD3.4 billion in the previous calendar year.

    Rahmani added that, "positive measures have been taken for promoting domestic production in the country which will result in self-sufficiency and sustainable development in the long run".

    MENAFN3004202000450000ID1100097014

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