Iran’s Oil Revenues Should Be Invested in Excessive-Tech Industries: Rouhani

The Iranian president has referred to as for extra funding within the nation’s high-tech industries, together with the nanotechnology sector.

In feedback on Wednesday, President Hassan Rouhani famous oil earnings must be used to additional develop technological developments within the nation.

“Excessive-tech corporations and developments can overhaul the nation. We should always spend oil revenues on the event of the nanotechnology business,” he mentioned.

“We should always use oil revenues to develop biotechnology, info and communications know-how, the aerospace business, and so forth. We should always result in an overhaul within the area of recent applied sciences. We should always each attain self-sufficiency contained in the nation and have the ability to export our merchandise,” mentioned the president.

“What is correct is to promote oil to additional develop nanotechnology, biotechnology and aerospace know-how,” he mentioned.

The president defended the efficiency of his administration by way of boosting nanotechnological developments.

“Earnings from our nanotechnology business elevated nearly seven-fold from 2013 to 2019, and hopefully the scenario can be higher this 12 months,” he mentioned.

“The earnings elevated seven instances in as a few years. In line with authorities on the Nanotechnology Committee, if it weren’t for the sanctions, we might have the ability to export at the very least $1 billion price of nanotechnological merchandise in 2025,” President Rouhani mentioned.

“In fact, we’re exporting such merchandise even now, however we’re hamstrung by sanctions,” he underlined.