TEHRAN: Iranian auto companies inked three agreements with Swedish, Turkish and Indian auto-manufacturers in Tehran on Monday. The deals were signed on the sidelines of the Third Iran Automotive Industry International Conference which opened in Tehran on the same day, IRNA reported. Over 363 domestic and 137 foreign companies from 23 countries are taking part in the three-day event which will continue until March 2.
Speaking at the opening ceremony of the conference, Mohammadreza Nematzadeh, the minister of industries, mines and trade said his ministry is committed to maintaining a positive balance in automotive industry.
Domestic auto industry, he said, is required to generate substantial revenues and accelerate both its own development and that of the national economy. Nematzadeh underlined that Iran’s auto-manufacturing sector accounts for 10 percent of the value-added generated in the industrial sector. He said the automotive industry ranks third in creating job opportunities and employs modern technologies in its platforms.
The minister noted that the industry aims to increase its designing and engineering capacities, produce three million cars per annum and establish partnerships with foreign automakers.
