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FinancialNews


  • 24-04-21

    Iran increases manufacturing of 16 major industrial products in 2020

    (MENAFN)Manufacturing of 16 major industrial products improved in the country in the last Iranian year, according to Iranian Industry, Mining, and Trade Ministry.

    Regardless of the harsh sanctions and restrictions forced on businesses by the Coronavirus time, 16 out of the 25 selected industrial items improved in production in 2020 in light of the efforts of the country's producers, showed the ministry’s data.

    The production of passenger cars improved by 19.1 percent in 2020 and the production of other products in this field, including vans with an improvement of 6.5 percent, production of combine harvesters with a boost of about 44.5 percent and production of tractors with an increase of 15.9 percent was great.

    According to Iran's Deputy Industry, Mining, and Trade Minister Mehdi Sadeqi Niaraki, depending domestic production saved Iran USD3.5 billion in the last Iranian year.

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