Industry

Iran Eyes Cooperation with Europe in Train Car Production

Iran has the capacity for local production of train cars, Deputy Industry Minister Mojtaba Khosrotaj told Tasnim on Saturday, when asked about the latest status of car imports from Russia.

There are grounds for domestic production of train cars in cooperation with European countries, the official added, saying Iran’s private sector companies have held business negotiations with Siemens in Austria to initiate such a plan.

Many foreign companies have shown enthusiasm for investment in Iran after coming into force of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

In July, Iranian Deputy Minister of Road and Urban Development Ali Nourzad and Ukraine’s Minister of Infrastructure Volodymyr Omelyan signed an MoU in Kiev as part of efforts to promote mutual cooperation in the railroad industry.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

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