Overseas Market Information Country Profile
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Overseas Information Overseas Market Information Country Profile - Iran Economic Overview Import in the Engineering Sector Iran’s economy is heavily dependent on oil revenues. Though oil Given below is a table showing total import by Iran in the sector’s share of GDP has declined from 30-40% in 1970s to engineering sector during 2001-2002 and 2002-2003 : 15.2% during 2001-2002, the oil exports accounted for over 80% (Value in US$ Million) of the Country’s total export revenue and 40-50% of the Government budget. The economy was hit hard by the plunge Sl. No. Product Groups 2001-02 2002-03 % change in oil prices in 1997-1998 and early 1999 but have since 1. Industrial and mechanical recovered with the rebound in oil prices. Overall economic machinery & equipment 3471.2 3702.2 6.7 activity during the last three successive years has been strong 2. Industrial and electric with real GDP growing by 5.7% (2000-2001), 4.8% (2001-2002) instruments 1494.5 1354.8 (-) 9.3 and 5.8% (2002-2003). The share of different sectors in GDP 3. Ironware 1512.2 1304.6 (-) 13.7 during 2002-2003 was as follows : 4. Agricultural and road Oil & Gas - 18.6% construction machinery 408.0 366.0 (-) 10.4 TOTAL 6885.9 6727.6 (-) 2.3 Agriculture - 11.8% Industries & Mining - 19.4% Major Countries of Import Services - 50.2% Main sources of Iran’s import are Germany, Switzerland, UAE, The Third Five-Year Plan (which began in March 2000), targets France, Italy, South Korea, China, Russia, Japan, Brazil, UK and the creation of 750,000 new jobs per year, average annual real India etc. GDP growth of 6% over the period, reduction of subsidies on India’s Current Share basis commodities and other fiscal and structural reforms. A new India ranked 12th in term of Iran’s overall import accounting for unified currency regime came into being on March 21, 2002. 2.91% of Iran’s total imports during 2002-2003 whereas in the This has increased transparency and reduced the distortion in the engineering sector India’s export to Iran accounted for 1.39% economy caused by import of commodities using cheaper approximately of Iran’s total import. foreign exchange under the previous system and re-export or sale India’s Engineering Export to Iran in the domestic market at the market rate. The import duty on all goods is set at 4% and Commercial Benefit Tax (CBT) has Given below is a table showing India’s Engineering Export to been increased in most cases. The Law on Attraction and Iran during the last 3 years i.e. 2000-2001 to 2002-2003 : Protection of Foreign Investment was also passed that year after Table delays forced by the Guardian Council. Three Free Trade Zones Value in US$ Million (Qeshm, Kish and Chabahar) have been set up to circumvent some of the restrictions of foreign ownership of companies and Year Total Export trading regulations in order to boost foreign investment. Trade 2000-2001 70.82 is also being made more transparent, efficient and growth 2001-2002 94.88 oriented. Measures have been introduced to reduce non-tariff 2002-2003 93.83 barriers and replace them with tariffs. Licensing procedures have On an analysis of the above table, we find that India’s engineering been streamlined by reducing import permit issuing centers. For export to Iran during the last 3 years has been erratic. Our most import items, licence is now required only from Ministry performance during 2001-2002 was to the tune of US$ 94.88 of Commerce, while earlier it was required from several other million against the US$ 70.82 million during 2000-2001 Ministries also, the pace of change continues nonetheless to be showing an increase of 33.97 per cent whereas our performance hindered by politically powerful and entrenched interests of the during 2002-2003 was US$ 93.83 million showing a decline of clerics, state-owned enterprises and traditional bazaaris. 1.12 per cent over the performance during 2001-2002. 4 Engineering Export Info-Bulletin, Vol. 6, Issue No. 41 Overseas Information Major Engineering Products exported to Iran Name of the company Items interested Following are the major engineering products which are featuring Saee Phighegan Tejarat Auto spare parts in our export to Iran :- #802, 8th Floor, No. 1075 • Primary Iron & Steel Vali Asr. Ave., Tehran, Iran Tel. : 0098-21-8710501 • Steel Pipes & Tubes Fax : 0098-21-8710501 • Steel Wire Ali Haji Akbari Cookware • Wire Ropes #18, 4th Floor, No. 14 • Aluminium Products Abshar Building, Daman Afshar St. • Other Non-Ferrous Metal Vanak Square, Tehran, Iran Tel. : 0098-21-8783239 Tractors & Agricultural Equipment • Fax : 0098-21-8789763 • Machine Tools Safdar Sassani & Co. Electric power • Textile & Jute Mill Machinery No. 978, Enghelab Ave. transmission, • Other Industrial Machinery College Crossing distribution, control, • Electric Power Equipment & Parts P.O. Box 11365-471, Tehran, Iran knife-type HRC fuse Tel. : 0098-21-6706115 systems. Electric Mfrs. N.O.S. • Fax : 0098-21-6718415 • I C Engines & Parts E-mail : [email protected] • Auto Parts Parand Afra Pars Co. Corrosion protection • Bicycle Parts #8, No. 426/1-52, Jamaleddin systems equipment, (for • Cutting Tools Asadabadi Ave., Tehran, Iran oil, gas and petrochemical Tel. : 0098-21-8212193 industries) 2/3 Wheelers • Fax : 0098-21-8042247 • Scientific & Surgical Instruments E-mail : [email protected] • Sanitary Castings HEPCO Earthmoving equipment • Chemical Plant other than Boilers, Parts etc. No. 10, Somayeh Ave. loaders, rollers, motor P.O. Box 15875-1814, Tehran, Iran grader, bulldozers, Major Importers Tel. : 0098-21-8303829 excavators Given below is a list of importers of selected engineering Fax : 0098-21-8829437 products in Iran : E-mail : [email protected] Name of the company Items interested Pishgam Tejarat Mabna Co. Medical equipment #8, 2nd Floor, No. 2, Etminan Bldg. Movahedpour Trading Co. Air-compressor Vali Asr. Crossing, Taleghani Ave. No. 3, Unit 12 Tehran, Iran Third Floor, Emami Alley Tel. : 0098-21-6968503 North, Sohrevardi St., Tehran, Iran Fax : 0098-21-6968503 Tel. : 0098-21-8746025 Fax : 0098-21-8775820 Yavar Sanaye Hydraulic valve No. 712, 5th Floor, Parsian Bldg. Mr. A. Akbari Telecommunication Chahar Bagh Bala No. 223, Resalat Express Way cables Esfahan, Iran Tehran, Iran Tel. : 0098-311-6253625-6 Tel. : 0098-21-7885159 Fax : 0098-311-6254853 Fax : 0098-21-7703546 E-mail : [email protected] E-mail : [email protected] Behran Oil Co. Plant for manufacturing Iran Truck Co. Auto parts - Cylinder - No. 47, Dastgerdi St., Shariati Ave. grease base soaps P.O. Box 13595/384, Tehran, Iran Crankshaft Tehran, Iran Tel. : 0098-21-541073 Tel. : 0098-21-2264136-40 Fax : 0098-21-546071 Fax : 0098-21-2264141 E-mail : [email protected] E-mail : [email protected] Engineering Export Info-Bulletin, Vol. 6, Issue No. 41 5 Overseas Information Name of the company Items interested Name of the company Items interested Iran Model Co. Auto-mould making Tehran Mobaddel Co. Galvanized steel sheets Payam St., Sorabad machinery P.O. Box 16765-1819, Tehran, Iran Old Qom Road, Tehran, Iran Tel. : 0098-21-7339847-9 Tel. : 0098-2292-545580 Fax : 0098-21-7349197 Fax : 0098-2292-545062 E-mail : [email protected] Azarakhsh Refractory Co. Ceramin fibres Zarand Chemical Corporation Iron & steel scrap No. 8, Block 3, Ghahartaghi machinery No. 267/1, Beheshti Ave., Tehran, Iran Industrial Township Tel. : 0098-21-8501200 26 km off. Ghouchan Road Fax : 0098-21-8733047 Mashhad, Iran E-mail : [email protected] Tel. : 0098-511-6100668 Pars Armous Co. Iron, steel galvanized Fax : 0098-511-6100668 #321, No. 310, Mirdamad Blvd. cold-rolled coil and E-mail : [email protected] Tehran 19697, Iran sheets, angles, blooms, Doreen Kashan Co. Crashers, feeders, Tel. : 0098-21-8889686 billets No. 34, 4th Floor, Esfandyar Blvd. screens, conveyors Fax : 0098-21-8889686 Africa Ave., Tehran, Iran E-mail : [email protected] Tel. : 0098-21-8783174 Asa adi Trading Co. Stainless steel sheets & Fax : 0098-21-8787341 No. 22, 3rd Floor, Abbasabad Bazar coils E-mail : [email protected] Saraye Azadi, Tehran, Iran Beh Azin Asr Co. Industrial machinery Tel. : 0098-21-5808046 1st Floor, No. 17, Besat St. Fax : 0098-21-5608137 West Fatemi St., Tehran, Iran E-mail : [email protected] Tel. : 0098-21-6949467 Zadourian Trading Co. Steel cold-rolled strap Fax : 0098-21-6949467 No. 21, 21st Floor and sheets, welded steel E-mail : [email protected] Mirzaye Shirazi Ave. chlorine cylinders Rangin Damavand Thread Machinery for plastic Tehran 15866, Iran Production Co. straps (for packing Tel. : 0098-21-8305295 No. 101, West Hoveyzeh St. finished goods) Fax : 0098-21-8306537 North Sohrevardi Ave. Badra Co. Steel round bars Tehran, Iran No. 139, Forsat Shirazi St. Tel. : 0098-21-8735365-7 North Eskandari St., Tehran, Iran Fax : 0098-21-8735368 Tel. : 0098-21-6922170 Rouy Andoud Co. Steel coils galvanization Fax : 0098-21-6929004 No. 14, Parkway Crossroad production line E-mail : [email protected] Modares Expressway Petropart Co. Ltd. Steel, equipment for Tehran, Iran P.O. Box 11365-3467, Tehran, Iran thermal systems. Tel. : 0098-21-2044888 Tel. : 0098-21-8300595 Fax : 0098-21-2047173 Fax : 0098-21-8300595 Azar Poulad Ind. Alloy steel angles, Foulad Fam Co. Screws for hose clamps, P.O. Box 71955-451, Shiraz, Iran hinges, stainless steel #4, 1st Floor, No. 42, Yousefian St. steel and alloy steel (for Tel. : 0098-711-2307396 plates, galvanized plates Motahari Ave., Tehran 15667, Iran automotive metal parts Fax : 0098-711-2331508 Tel. : 0098-21-8700352/8406030 and components). E-mail : [email protected] Fax : 0098-2108430352 Sina Darou Pharmaceutical & Aluminium tube E-mail : [email protected] Health Care Co.