Iran to boom agricultural mechanization investment
By Trend
Iranian government plans to boost its investment in agricultural
mechanization over the current fiscal year ending March 20, an
agricultural official said.
Kambiz Abbasi, an official within the Agriculture Ministry, has
said that the government is expected to put about $450 million in
investment for the expansion of agricultural machinery, ILNA news
agency reported.
According to the official, the figure has increased by 25 percent
compared to the last year’s budget.
He further added that the government over the past four years has
allocated about $1.6 billion to the agricultural mechanization in
the country.
The majority of agricultural machinery is produced domestically and
only five percent if imported to Iran, he added.
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