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Iranian President: Auto manufacturing gives momentum to industry

Tehran, May 16, IRNA-President Mohammad Khatami on Monday referred to automobile manufacturing as a driving force for the industry sector and said that Iran has become fully self-sufficient in the automobile design and technology.

Speaking at the ceremony marking the development of automobile industry, he added that the future president-elect will have the honor to declare that the country has attained self-sufficiency in the industry.

Turning to the major development witnessed in the domain, the chief executive said that nationwide progress will be materialized by attracting domestic and foreign investment.

He referred to four billion dollars worth of foreign investment attracted over the past fiscal year (ended March 20) and predicted the figure to rise to 50 billion dollars during the five-year fourth development plan (2005-2010).

The president pointed to the efforts made by his cabinet towards development in various fields and said, "As a former consumer of foreign technologies, we succeeded in attracting foreign investment, and domestic production.

"The economic and industrial achievements materialized over the recent years are due to the success of the `policies of detente, security and stability'.

"We have overcome major crises and have achieved great success in various domains over the past 25 years, particularly in the field of industries," he added.

The president called for continuation of development trend and noted that if a continuous eight percent economic growth is desired he future cabinet should follow the same process, irrespective of their approach.

Khatami referred to the bill on attraction of foreign investment as the most important step taken by his cabinets over the past eight years.

Concerning export, he said that today industrial products and minerals account for over 60 percent of the total non-oil exports and predicted that the revenue from export of automobile spare parts in the current fiscal year would reach 300 million dollars.

He said that at present, Iran has close relations with other countries in the field of automobile as well as building dams, power stations and silos.

The chief executive called on those involved in auto manufacturing industry to struggle to produce national, inexpensive and safe cars for the domestic market.

He referred to `Peykan', whose production has just been stopped, as a memorable name in the history of national auto manufacturing.

President Khatami pointed to the significance of being competitive in the auto manufacturing field and called for efforts towards privatization of the industry.

... Payvand News - 5/16/05 ... --

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