19815
Chinese Delegation Eyes Borujerd Auto Potential
Economy, Auto

Chinese Delegation Eyes Borujerd Auto Potential

A Chinese delegation visited Borujerd in the western province of Lorestan to assess investment opportunities on Tuesday. They toured the facilities of automotive factories in Borujerd, Fars News Agency reported.
According to an Iranian auto industry official, the Chinese investors will likely export up to five models to test the market in the first year. Production and assembly will begin a year later.
Reza Omidali of Morattab Khodro, producer of 4x4's, said the police, Department of Environment and Ministry of Industries, Mining and Trade will be the primary organizations to test the vehicles.  
According to Omidali, the Chinese company is collaborating with over 12 European, American and Asian countries. The name of the Chinese company was not mentioned.
Omidali added that the Chinese delegation believes the area is rich in investment opportunities.
"A joint venture with the Chinese can create more jobs, which is why it is necessary for Iranian officials to lend extensive support to such projects," he said.

 

Short URL : http://goo.gl/6c4N4L

You can also read ...

Multilateral MoU to Expand INSTC
Railroad entities of Iran, Azerbaijan, Russia and Belarus...
A ceremony was held to mark National Export Day in Tehran on Oct. 21.
Iran’s National Export Day was marked in a ceremony held in...
Istanbul to Host Iranian Expo
The Turkish capital Istanbul will host a four-day exhibition...
CI Ratings Affirms Iran’s Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI), the...
S. Africa-Iran Business Forum Next Week
South Africa’s Department of Trade and Industry and its...
Real Rial Rate Main Booster of Exports
Iranian exports are currently suffering as a result of an "...
PSA Group’s Executive Vice-President for Africa and Middle East Jean-Christophe Quémard (2nd left) met with IDRO Director Mansour Moazemi (C) over the weekend in Tehran.
Executive Vice-President of PSA Group (Peugeot-Citroën) for...
Banks Obliged to Set Up Compliance Department
The Central Bank of Iran in its latest directive publicized on...

Trending

Googleplus