Iran’s Knowledge-Based Companies Withstanding US Sanctions: VP

Iranian Vice President for Science and Technology Sorena Sattari says the country’s knowledge-based companies and start-ups have already resisted the US sanctions, and his office will keep providing unwavering support for them in doing so.

During a visit to the city of Arak, Sattari said the Vice Presidency for Science and Technology will vigorously support the knowledge-based business and start-ups.

The vice president also noted that the plans to counter the foreign sanctions have proved successful after coordination with the local knowledge-based companies, which he said have capitalized on the capabilities of local forces and have manufactured indigenous products.

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He further unveiled plans for offering a broad range of assistance to the knowledge-based enterprises, such as supplying raw materials for the pharmaceutical industry and animal husbandry, as well as veterinary and human vaccines.

The Vice Presidency for Science and Technology offers 140 various services for the knowledge-based companies and start-ups, Sattari added, citing customs duty and tax exemption, and low-interest loans.

According to Sattari, there are around 4,500 knowledge-based companies in Iran which have created 300,000 direct jobs alone.

In comments earlier this month, Sattari hailed the knowledge-based companies as the strong arm of the economy that contribute to Iran’s sustainable development.

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