Iran’s major automaker Iran Khodro (IKCO) is starting cooperation with the Electronics Support Fund for Research and Development to upgrade its production facilities.
Affiliated to the Ministry of Industries, Mining and Trade, the fund is geared toward connecting knowledge-based companies with big industrial units, helping both to develop their businesses.
To achieve this aim, IKCO’s CEO Farshad Moqimi and Reza Naqipour, the head of ESFRD, met on Friday and discussed the potential areas of collaboration and outlines of an agreement, Shata News reported.
Naqipour said numerous knowledge-based companies are active in auto manufacturing industries.
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