Iranian deputy minister of industry: Iran hopes to land among major carmakers in next 5 years

Iran Materials 27 November 2013 17:08 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Fatih Karimov - Trend:

Iran hopes to be among the major carmakers of the world in the next 5 years, the Mehr News Agency quoted Iranian deputy industry minister Ahmad Doust-Hosseini as saying.

Thanks to the positive atmosphere after the nuclear deal between Iran and the six major powers, and considering domestic potentials, the country hopes to be among the top manufacturers of cars and car parts within the next five years, he explained.

He further said that an international conference on Iran's automotive industry will be held in Tehran on November 30. Delegations from 20 countries, including France, Japan, Germany, Italy, Turkey, Britain, China, India, South Korea, and Spain will attend the conference, he added.

According to Iranian officials, the nuclear deal will have a great impact on improving the national economy.

On October 1, the Central Bank of Iran reported that the growth rate of the domestic industry sector fell from 10 per cent to minus 13 per cent during the past two years ending in autumn 2012. A separate report by the Majlis also indicates economic growth indices have degenerated in recent years.

On November 9, Iranian economy minister Ali Tayyebnia said that signs of growth are being seen in the national economy.

The changing look of the world to the country after the recent presidential election has opened up new windows of progress in the national economy, he said.