The Industrial Development & Renovation Organization of Iran (IDRO) known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia. IDRO's objective is to develop Iran's industry sector and to accelerate the industrialization process of the country and to export Iranian products worldwide. Today, IDRO owns 117 subsidiaries and affiliated companies both domestically as well as internationally.

Businesses

In the course of its 40 years of activity, IDRO has gradually become a major shareholder of some key industries in Iran. In recent years and in accordance with the country's privatization policy, IDRO has made great efforts to privatize its affiliated companies. While carrying on its privatization policies and lessening its role as a holding company, IDRO intends to concentrate on its prime missions and to turn into an industrial development agency. IDRO has focused its activities on the following areas in order to materialize such strategy and to expedite the industrial development of Iran: *Promotion of local and

foreign investments A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...

with minority holdings owned by IDRO (less than 50% of the shares) with particular emphasis on new, hi-tech and export-oriented industries. *Restructuring the existing industries through participation of reputable foreign companies in order to transfer new technologies and to enhance the non-oil exports of Iran. *Development of general contracting activities with the participation of the Iranian private sector and credible foreign companies. *Rendering consultancy and support services to foreign investors. * Privatization of the existing subsidiaries. * Industrial Investment *Management Development * Automotive Industry *Industrial Equipment Machinery * Marine Industry *

Railway Industry Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prep ...

* Hi-Tech Industries Development *

General Contracting A general contractor, main contractor or prime contractor is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and the communication of information to all involved parties throughout the course of ...

Health care Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

* Banking

Privatization

IDRO had privatized 140 of its companies worth about 2,000 billion rials ($200 million) in the past. The organization will offer shares of 150 industrial units to private investors by March 2010. In 2009, 290 companies were under the control of the IDRO.

Subsidiaries

This is a list of IDRO's main subsidiaries (as of 2008):

References

External links

IDRO's official website

IDRO annual report (2008/09)

IDRO annual report (2003)
{{authority control Government-owned companies of Iran Companies Economy of Iran Industrial development agencies Conglomerate companies of Iran Life sciences industry Manufacturing companies based in Tehran Ministry of Industry, Mine and Trade (Iran) Iranian entities subject to the U.S. Department of the Treasury sanctions

Businesses

Privatization

Subsidiaries

See also

References

External links