Deputy Industry Minister and Head of Industrial Development and Renovation Organization of Iran (IDRO) Mr. Amir Bayat announced organizing and unveiling a virtual exhibition for displaying 250 items of auto-parts which are needed for automakers.

Addressing the ceremony for signing MoU for granting facilities between IRAN KHODRO Industrial Group and Bank Mellat, Mr. Bayat said that the virtual exhibition is to display the parts which are needed by the auto industry with their full details in order that the knowledge-based companies and auto-part makers with necessary convergence can take action for producing those parts. He added that the exhibition can also pave the ground for expanding relation between auto-parts makers and other industrial and knowledge-based companies more than ever.

Bayat also expressed hope that signing the MoU can be the base for surge in production in the auto-part industry, and asked the CEO of Bank Mellat to cooperate with auto-part makers on granting facilities.

According to the signed MoU between IRAN KHODRO Industrial Group and Bank Mellat, some 1,000b tomans are to be granted to the auto-part makers for indigenizing and manufacturing auto-parts.