News ID: 258695
Published: 0203 GMT September 14, 2019

Minister: Imports of industrial products to fall $10b by 2022

Minister: Imports of industrial products to fall $10b by 2022

Iran plans to reduce imports of industrial goods by $10 billion by March 2022 through promoting domestic production of such products.

Iranian Minister of Industry, Trade and Mine Reza Rahmani made the remark in an address to a meeting attended by Ali Aqa-Mohammadi, a member of Iran’s Expediency Council, and a number of the country’s young entrepreneurs, IRNA reported.

He noted that meetings attended by Iranian industrialists, producers and entrepreneurs are being held continuously to exchange views, consider suggestions and, thus, help boost domestic production.

Rahmani said since March 2019, his ministry has placed on its agenda the simultaneous implementation of 34 fundamental projects to achieve the best results in the field of expanding domestic production.

He noted that a lack of an accurate count of the number of the country’s active, semi-active or even inactive industrial units has been among the main preoccupations of his ministry in the past few years, adding that in the year to March 2019, such data were collected as part of a comprehensive plan and formed the basis for drawing up the ministry’s plans for the current year (ending March 2020).

Rahmani said in the year to March 2019, over 1,850 domestic industrial units resumed production.

He added that this year, another 2,000 inactive units will become operational.

The minister stressed that since the beginning of the current year, his ministry has prioritized achieving self-sufficiency in manufacturing certain goods and placing greater reliance on domestic capabilities and products.

He said the ministry seeks to meet all of the country’s industrial needs through domestic production.




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