‘Iran to become self-reliant in manufacturing passenger, cargo wagons’
Iranian Transport and Urban Development Minister Mohammad Eslami has said that the country will become independent in terms of manufacturing passenger and cargo wagons.
Through the hard work and efforts of the country’s industrialists in different sectors we have managed to indigenize the technology for manufacturing many parts, equipment, and machinery”, the minister reiterated.
“We must appreciate these efforts for self-sufficiency and, by strengthening our industrial infrastructure, make Iran one of the most powerful and leading countries, and increase our revenues”, he added.
In an unveiling ceremony for the domestically-made wagon brake system and wheels in early December 2020, Head of the Islamic Republic of Iran Railways (known as RAI) Saeed Rasouli said that the Iranian railway industry has become completely self-reliant in manufacturing freight wagons.
The development of the railway sector is one of the macro policies of the Iranian government as it has been emphasized by the general policies of the Sixth Five-Year National Development Plan (2016-2021).
In this regard, the railway industry has been strongly seeking self-sufficiency after the U.S. imposed a new round of sanctions on the Iranian economy and the imports of high-quality equipment and parts have become more difficult.
As a result, the domestic manufacturing of parts and equipment, rail tracks, wagons, and locomotives has been put on the agenda for many Iranian companies and self-reliance is now being witnessed in many of the mentioned sectors.
source: TehranTimes
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
