BAKU, Azerbaijan, August 11
By Elnur Baghishov – Trend:
The Iran Khodro Industrial Group prevented the outflow of funds worth 5 million euros from the country during the period from the beginning of the current Iranian year (March 20, 2020) to July 5, Executive Director of the company Farshad Moghimi said, Trend reports citing official website of Ministry of Industry, Mine and Trade of Iran.
According to Moghimi, nine local production projects were implemented by six manufacturers in the country.
He added that a total of 59 types of spare parts were produced by 35 local manufacturers in the last Iranian year (from March 21, 2019 to March 20, 2020), which helped to prevent outflow of 74 million euros.
“In addition, eight types of spare parts were manufactured domestically by nine local manufacturers. This prevented the outflow of 58 million euros from the country,” he said.
The director added that also 12 projects on manufacturing of new types of spare parts domestically are currently being implemented by eight manufacturers. This will prevent the outflow of more than 9.5 million euros from country annually.
Moghimi noted that Iran Khodro will save a total of 153 million euros in the current Iranian year by manufacturing spare parts and supplying raw materials. Next Iranian year (start March 21, 2021), the company seeks to prevent the outflow of funds worth 93 million euros.
"Thus, in total, 246 million euros will be saved and 152 types of spare parts will be produced domestically," he said.