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Iran keen to generate big revenues by domestic tractor exports

Business Materials 8 July 2023 12:43 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, July 8. Iran Tractor Manufacturing Company plans to earn $5 million a year by exporting Iranian-made tractors used on rice cultivation, Deputy Director of the company Amir Jadiri said, Trend reports.

According to him, Iran is among main countries in the manufacturing of such tractors, including the US, Japan, South Korea, India and other countries.

Jadiri added that Iran Tractor Manufacturing Company has the potential to produce 2,000 tractors on rice cultivation per year. If the goals for tractor export are implemented, the company’s production potential can be increased.

The deputy director also said that an average of $15 million was spent annually on importing tractors for rice cultivation by the Iran Tractor Manufacturing Company before they were produced domestically. The country needs 1000-1500 tractors per year.

“Along with rice cultivation, the mentioned tractors can be used in gardens and some agricultural fields if suitable wheels are installed,” he noted.

On June 8, 2023, the presentation of the tractor for rice cultivation of Iran Tractor Manufacturing Company was held. In total, 36 trillion rials (about $857 million) has been spent within the project for the production of this tractor.

Iran Tractor Manufacturing Company was established in 1968 with its headquarters in East Azerbaijan. Over the past 50 years, by holding 12 subordinate companies and the capacity to produce more than 30,000 units of tractors per year, the company has become the largest and biggest agricultural machinery producer in the entire Middle East.

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