Domestic Economy

IMIDRO Increases R&D Budget to $1.3m

IMIDRO Increases R&D Budget to $1.3mIMIDRO Increases R&D Budget to $1.3m

The Iranian Mines and Mining Industries Development and Renovation Organization has increased its research and development budget from 170 billion rials ($963,172) in the last fiscal year (March 2019-20) to 230 billion rials ($1.3 million) this year (March 2020-21), the organization’s chairman, Khodadad Gharibpour was quoted by Fars News Agency as saying.
IMIDRO, including its subsidiaries, has a 30% share in the country’s minerals extraction.
About 65% of Iran’s total explorable areas (1 million kilometers) belongs to the organization.

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