TEHRAN – Subsidiaries of the Industrial Development and Renovation Organization of Iran (IDRO) exported $659 million in the past Iranian calendar year (ended March 19, 2008).

The figure shows an 82 percent growth over that of its preceding year while it is estimated that the IDRO will export $1 billion in the current Iranian calendar year (to end March 19, 2009), IRIB reported here on Friday.
The Exports Development Commission of the IDRO has earmarked 15 billion rials ($1.56 million) as incentives for the promotion of products both qualitatively and quantitatively for the three leading subsidiaries in the field of export.
Industrial Development and Renovation Organization of Iran (IDRO) was established in 1967 to develop the industry sector and to accelerate the industrialization process of the country.