Tehrantimes.com reported that the entry of any investor in Iran should be conditional on the transfer of new technical knowledge and the use of domestic labor. This is what Hamidreza Ghaznavi, the spokesman of Home Appliances Manufacturers Union, said. We are not looking for monopoly and closing the borders on foreign investment and we do not want sanctions as well.
Home appliances represent a dynamic industry in Iran, where domestic production is growing. In late April, deputy industry, mining, and trade minister Mehdi Sadeqi Niaraki reported that the production of the sector products in the country has increased by 36 percent following the exit of foreign brands. «Currently – he explained – Iranian producers have indigenized the knowledge for manufacturing about 70% of the country’s home appliance needs, and the figure has reached 90% percent for some products.
Niaraki also added that the current Iranian home appliance industry’s infrastructure and capacities allow the country to become an exporter of such products in the near future because most of the raw materials needed by the mentioned sector are produced domestically. «Currently – Niaraki said – the return of foreign companies is not on the agenda; domestic companies have found their place and are fully capable to produce and meet the needs of the country.»
