Iranian Tech Firms Earn Over $4.6 Billion

The revenues of Iranian tech firms and knowledge-based companies has exceeded 1.2 quadrillion rials ($4.63 billion) in the first 10 months of the current fiscal year (started March 20, 2020), an official with Iran National Innovation Fund said.
Mohammad Sadeq Khayyatian also told IRNA that Iranian tech firms’ income during the 10 months ending Jan. 19 observed a year-on-year rise of 40%. The companies’ annual revenue is expected to surpass 1.5 quadrillion rials ($5.79 billion).
Attributing the jump partly to the sudden outbreak of the coronavirus disease late last year, he said the technology ecosystem has boosted the production of health and medical products to ward off the virus.
“Surveys have shown that out of 5,700 knowledge-based companies in Iran, 1,418 are working on information and communications technologies, 1,267 on machinery and equipment, and 1,111 on electric and electronic products,” he added.
Khayyatian explained that the government’s support plan for the knowledge-based companies next year envisages tax and customs exemption, ease of commercial license issuance, social security fee cut, military service reduction and extension of business empowerment consultancy.