Domestic production of auto parts to save Iran €300m in a year

TEHRAN- Domestic production of auto parts is estimated to save Iran €300 million during the current Iranian calendar year (ends on March 20, 2021), deputy industry, mining, and trade minister for industry affairs announced.

By Mahnaz Abdi

Knowledge-based companies to help car industry nullify sanctions

While Iran is considering knowledge-based economy a strong tool to compensate for the losses caused by the sanctions, the country is seriously supporting knowledge-based companies and startups, also cementing relationship between domestic universities and industry sector.

Auto part makers calling for Industry Ministry’s new policies

TEHRAN- Domestic auto part manufacturers want Industry Ministry to make new policies that facilitate their activities, the secretary of Iranian Auto Part Manufacturers Association told IRNA on Saturday.

‘Auto part manufacturers to receive $950m of facilities’

TEHRAN- “Iranian ministry of industry is to grant 40 trillion rials (about $952.3 million) of facilities to supply working capital for the auto part manufacturing units,” Iranian Industry Minister Reza Rahmani announced, IRNA reported on Thursday.