173 million Euros cut by implementing 21 self-sufficiency projects in Iran Khodro
The CEO of Iran Khodro Industrial Group said: "Iran Khodro has put 21 domestic projects, manufacturing of high-tech parts on the agenda in the year of Surge in Production, with the realization of which 173 million Euros will be reduced."
Farshad Moghimi in the meeting of Iran Khodro Manufacturing Headquarters, which was attended by the managers of the Ministry of Industry, Mind & Trade, managers of parts companies and the knowledge-based, said: "This number of projects requires 6,420 billion Rials (Rials investment) and 15 million euros (foreign exchange investments) to domesticate parts".
He added: "These 21 projects are among the parts that require a high amount of foreign exchange, which for the first time in the history of the automotive industry; their localization is on the agenda of Iran Khodro, which will lead to a leap in the localization of components."
Referring to the slogan of the year 2020 as surge in production, the CEO of Iran Khodro Industrial Group said: "The automotive industry has no red line for self-sufficiency of parts and the focus on innovation and technology in the development of self-sufficiency is seriously pursued."