Iran to Raise Industrial Exports

Speaking at a special honoring ceremony in Tehran, the minister added that in order for Iran to become a developed country by the end of the 20-year period, it has to utilize industrialization process within the overall economy. “The development procedure could proceed more smoothly if modern technologies and expert workforce are used.”

The plan illuminates that Iran’s export revenues must reach $60 billion by 2025, forty percent of which is expected from the industrial units, Jahangiri stated. The remainder would be provided from oil exports, he added.

He also said that the current value added amount of Iran’s industrial section totals $18 billion, of which mines and industry section shares only $3 billion. “It therefore seems to be along way in order to achieve what is predicted in the comprehensive 20-year plan,” he uttered.

The minister included that, providing suitable national and international requirements, designing applicable macroeconomic policies, and taking less strict legal measures for industrial trade affairs should be regarded as the most significant infrastructural reforms necessary to fulfill the industrial development objectives of the major plan.

“The current financial backing systems should too be revised,” Jahangiri stressed, saying a team of experts must be organized to justify both the financial and technical traits of all productive, industrial plans while the supporting banks would merely be in charge of providing the money.

“Open-ended scientific researches are also missing in the industrial section.”

Meanwhile, the minister emphasized a closer cooperation between the Iranian insurance companies and the industrial section activists, adding, “We have to eventually realize the very necessity of risk management for the industrial trade.”

ER/IS
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MNA