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Rahmani said on Saturday that Iran has a comprehensive plan to deepen domestic manufacturing and to indigenize the country’s industrial needs. with reducing the imports of manufacturing goods by $10 billion in 2021.
The comments come as Iran is seeking to diversify its economy amid some tough and unprecedented sanctions imposed by the United States.
Speaking in a meeting with young entrepreneurs in Tehran. Rahmani said Iran was resuscitating thousands of factories and plants that had become defunct as a result of decades of massive imports into the country.
He said more than 1.850 industrial units across the country had already resumed operations while another 2.000 will be reopened until March 2020.
The minister said the government had carried out a major study about import needs in the manufacturing sector. including on the hardware and machinery that are normally produced outside Iran. adding that the results of a survey would be available to domestic companies in a near future.
In the past. we used to face bottlenecks in supplying some pressing needs of the country’s production process. Rahmani said. adding. Today. domestic potentials have emerged concurrent with the implementation of foreign restrictions.
Iran has reported increased industrial activity. specially in the manufacturing sector. since it began to feel the impacts of the American sanctions.
Output of steel. aluminum and other metals that face high demand in the industry have surged. according to official reports. while companies that supply equipment to the oil industry. the main target of sanctions. have reported lower imports since last year.
Washington’s unilateral sanctions against Tehran began in November 2018. five months after US President Donald Trump withdrew from an international deal on Iran’s nuclear program.
Claiming that the bans were working properly. Trump tightened them in May. only to see that Iran was finding new solutions to recoup the losses.
Last month. Deputy Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Ali Asqar Masaheb announced that Iran will undertake new measures to further strengthen its non-oil exports with a new bill to be tabled at the Iranian Parliament.
Iranian officials started planning for policies to counter the US possible sanctions a year before Donald Trump entered into office in early 2017. The policies are now proving effective as economic indexes are indicating inefficacy of the US pressures.
Earlier in July. Rahmani said that despite US efforts to cripple Tehran’s economy. year-on-year comparison shows that the country’s domestic production has increased in the first quarter of the local calendar year (March 21-June 21).
