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Iran Tech Exports Hit $7.2 Billion

According to data released by Vice Presidential Office for Science and Technology, Iran’s tech boom has continued with revenue of knowledge-based companies growing year after year
Iran Tech Exports Hit $7.2 BillionIran Tech Exports Hit $7.2 Billion

Iranian knowledge-based companies and tech firms earned 1.2 quadrillion rials ($7.2 billion) from the export of technological products in the last Iranian year (ended March 19), an official at the Vice Presidential Office for Science and Technology said. 
Esmaeil Qaderifar added that tech units have been mainly working in the fields of medicine, stem cells, regenerative medicine, laser and photonic science, Mehr News Agency reported.
“They use cutting-edge technologies, some of which are locally developed versions of previously imported items. This has curbed capital flight,” he said.
The official noted that tech firms’ income has been on an upward trajectory over the past several years, starting from 600 trillion rials ($3.6 billion) in 2017-18 to 900 trillion rials ($6.7 billion) in the year ending March 2019.

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