Ban on imports of unnecessary products saves Iran $5.8b

TEHRAN- Ban on the imports of 1,539 unnecessary products and limiting the imports of 722 items has saved Iran $5.8 billion in the 10.5-month period ended on February 3, Iranian Industry, Mining and Trade Ministry’s news website Shata reported.

Over $70m of loans paid to production units of Bushehr in 10 months

TEHRAN- A provincial official announced that 3 trillion rials (about $71.42 million) of loans has been paid to the production units of Bushehr province, in the southwest of Iran, to promote production in the province during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021).

Domestic production in mining sector saves Iran nearly $1b

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has announced that domestic production and indigenizing technology in the mining sector has saved Iran nearly $1 billion during the current Iranian calendar year (began on March 20, 2020).

Tire production increases 27% in 5 months yr/yr

TEHRAN- Production of tire in Iran has risen 27 percent during the first five months of the current Iranian calendar year (March 20-August 21), compared to the same period of time in the past year.

Over €1b saved through domestic production since March 2019

TEHRAN – Relying on domestic production in various industrial sectors has saved Iran €1.045 billion in a 17-month period since the beginning of a program for the promotion of domestic production in the previous Iranian calendar year (ended on March 19) up to August 21, ISNA reported.

‘Boosting investment making in tire production industry a necessity’

TEHRAN- An official with Iran’s Industry, Mining, and Trade Ministry said that increasing the amount of investment making for production of tire in the country is a necessity.

‘Iranian manufacturers can meet domestic need for home appliances’

TEHRAN- Iranian production units can meet the domestic need for home appliances, the secretary of the Association of Industries of Household Appliances of Iran told IRNA on Monday.

$41b of annual non-oil exports atop agenda: industry min.

TEHRAN – Iran’s Acting Industry, Mining, and Trade Minister Hossein Modares Khiabani said the ministry has it on the agenda to export $41 billion worth of non-oil commodities in the current Iranian calendar year (March 2020-March 2021).

Iran domestically manufactures over 70% of aircraft, chopper parts: Hatami

TEHRAN– Iranian Minister of Defense Brigadier General Amir Hatami has said that more than 70 percent of aircrafts’ and helicopters’ parts are manufactured domestically.

Manufacturing of washing machines rises 150%

TEHRAN- Manufacturing of washing machine increased 150.7 percent in Iran during the first two months of the current Iranian calendar year (March 20-May 20), compared to the same period of time in the past year, IRNA reported.

Nearly $420m of facilities allocated to production units in 2 months

TEHRAN – Iranian Industry, Mining, and Trade Ministry announced that a total of 17.6 trillion rials (about $419.04 million) of facilities have been allocated to support 465 production units in the first two months of the current Iranian calendar year (March 20-May 20).

Issuance of industrial unit permits up 26% in 2 months yr/yr

TEHRAN- The latest data released by Iran’s Industry, Mining and Trade Ministry indicates that the issuance of permits for the establishment of industrial units in Iran has risen 26.4 percent during the first two months of the current Iranian calendar year (March 20-May 20) compared to the same period of time in the past year.

‘Pandemic didn’t halt production in Iran’

TEHRAN – Iran’s Acting Industry, Mining and Trade Minister said the country’s production was not halted by the coronavirus outbreak and despite the difficult situation the sector continued operating in compliance with health protocols, IRNA reported.

Non-oil export growth vital for surge in production

TEHRAN – Iran’s First Vice-President Es'haq Jahangiri has called for developing non-oil exports as the only way for realizing the motto of surge in production, IRNA reported.

‘Supporting domestic production is priority of banking system’

TEHRAN – Governor of Central Bank of Iran (CBI) says promoting domestic production is the main priority of the country’s banking system in the current Iranian calendar year (started on March 19), the bank’s portal reported.

Nearly $2b is required for domestic manufacturing of auto parts

TEHRAN- Iran’s auto parts manufacturers need nearly $2 billion to manufacture the auto parts required for making 1.2 million vehicles in the country during the current Iranian calendar year (ends on March 2021), Iranian Auto Parts Makers Association’s Secretary Maziar Beyglou announced.

Non-oil exports to be main driver of Iranian economy: industry min.

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani says non-oil exports are going to be the main drivers of the country’s economy in the current Iranian calendar year (started on March 19) and the ministry has it on the agenda to activate all the country’s exports capacities with a focus on the private sector, IRNA reported.

Industry Ministry plans to save $3.3b by surge in production

TEHRAN- Domestic production of industrial and mining products is planned to save the country over $3.3 billion in the current Iranian calendar year (began on March 20), Iranian Industry, Mining, and Trade Minister Reza Rahmani announced, IRNA reported.

First VP calls for supporting private sector to spur non-oil exports

TEHRAN - First Vice-President Es’haq Jahangiri said, on Saturday evening, that the government should support the country’s private sector as they are the economic frontiers in the battle against the coronavirus.

Domestic production to save Iran over $3b in a year

TEHRAN- Domestic production of industrial and mining products is planned to save the country over $3 billion in the current Iranian calendar year (began on March 20), Iranian deputy industry, mining , and trade minister for planning announced.

‘Surge in production’ can resolve problems facing Iran: IRGC official

TEHRAN – Yadollah Javani, the deputy commander of the Islamic Revolutionary Guards Corps (IRGC) for political affairs, said on Tuesday that “surge in production can resolve the problems facing the country”.

Refrigerators, freezers manufacturing climbs 6.3%

TEHRAN- Manufacturing of refrigerators and freezers in Iran has risen 6.3 percent during the first ten months of the current Iranian calendar year (March 21, 2019-January 20, 2020), from the same period of time in the previous year.

4th National Excellence and Progress Award to be held on Sunday

TEHRAN – The fourth edition of Iran’s National Excellence and Progress Award which celebrates achievements and improvements of the country’s economic sectors is slated to be held on Sunday, IRIB reported.

'Domestic production to create jobs for youth'

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani says promoting domestic production is going to create new job opportunities for the country’s youth which constitute the majority of the country’s 80-million population, IRNA reported.

Promoting domestic production a ‘must' in the sanctions era: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says promoting the country’s domestic production in various areas is a key to Iran’s economic development during the sanctions, Shana reported.

Manufacturing of refrigerators, freezers rises 3.9% in 9 months on year

TEHRAN- Manufacturing of refrigerators and freezers in Iran has increased 3.9 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), from the same period of time in the previous year.

Garment output rises 20% in 9 months on year

TEHRAN- Iranian industry, mining and trade minister announced that the country’s garment output has risen 20 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), IRIB reported.

By Mahnaz Abdi

Tavaniran match-making system to strengthen domestic production

TEHRAN- During a press conference on Tuesday, Domestic Production Center of Iran’s Ministry of Industry, Mining and Trade unveiled “Tavaniran system”, which is aimed at invigorate and strengthen domestic production through strong match-making between producers of Iranian products and the consumers inside the country.

Domestic production to save $570m in medicine imports

TEHRAN – A plan on domestic production of 135 medicines is on the agenda, which will save up to $570 million per year, Mostafa Qane’ei, secretary of the Vice Presidency for Science and Technology for biotechnology development, has said.