Industry Ministry unveils export support package for knowledge-based firms

The Iranian Industry, Mining and Trade Ministry has presented a support package for promoting the export of knowledge-based and innovative products, Mehr News Agency reported on Tuesday.

As reported, the chambers of guilds across the country and national unions have been notified about the details of the mentioned package that is aimed at “a jump in the export of knowledge-based and technological products”.

The package includes discounts on import and export tariffs of products, prioritizing the imports of the raw materials and equipment required by the supported companies, facilitating legal and administrative processes related to exports and imports, and providing consulting and specialized services in fields related to export and import to the mentioned companies.

The law on supporting knowledge-based companies and institutions, and commercializing innovations and inventions, was approved by the parliament in Iranian year 1389 (2010 -2011), to achieve a knowledge-based economy.

Throughout these years, administrations have tried to boost infrastructure to support knowledge-based companies’ growth.
These efforts have accelerated recently, especially in the previous administration. At the beginning of the administration of late President Ebrahim Raisi, there were about 6,474 knowledge-based companies in the country, but in less than two years, their numbers soared and reached 9,215 companies, a testimony of the government’s approach to boosting local production in the knowledge-based and private sectors.

Meanwhile, the quantitative development of knowledge-based companies has led to an increase in their employment by 8.4 folds, with more than 420,000 individuals currently working in knowledge-based related jobs.