NIGC to invest up to $2b in technology-based sector: CEO
The National Iranian Gas Company (NIGC) has plans to invest up to $2 billion in the technology-based sector within the next few years, Shana reported.
Talking to reporters on the sidelines of a signing ceremony of a memorandum of understanding by the NIGC and the Department of Science, Technology and Technology-Based Economy, NIGC CEO Majid Chegeni added, “Based on the MoU, 12 groups of strategic products, worth over $500 million, will be made as we hope most of them will be produced by the end of the 13th administration’s term (August 2025).”
He said the Oil Ministry is one of the pioneers of the technology-based sector and the NIGC has taken appropriate measures in this field over the past years.
“We have made essential gas equipment and items domestically and the pace of indigenization will be accelerated following the signing of this cooperation agreement,” the official concluded.
Speaking at the ceremony, Iran’s Vice-President for Science, Technology and Knowledge-Based Economy Rouhollah Dehqani Firouzabadi said technology-based companies need a large and stable market.
He added no support is more real and purposeful than the development of a large, permanent and steady market, underlining that aimless support may keep a company going but will not stabilize it.
The official said his department has divided technology-based companies into three categories of start-up, innovative, and technological.
The opportunity created today for cooperation with knowledge-based companies is unprecedented in the past 44 years, pointed out the vice president, adding 10 percent of the work has remained.
He promised that technology-based companies, which are doing research for and having technological cooperation with the gas industry, would make great achievements in the near future.