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EghtesadOnline: Deals have been signed by knowledge-based companies, startups and traditional manufacturing units to boost the domestic food industry.

Vice President Office for Science and Technology Sorena Sattari noted that 140 deals worth 2 trillion rials ($17.6 million) and three memorandums of understanding have been signed by food production and tech companies, the office's website reported.

Speaking in a recent gathering of food industry managers and tech businesspeople, Sattari said the machinery and production equipment, along with food production know-how, need to be upgraded with the application of smart solutions.

“The food industry and related technological equipment are considered a strategic field that requires modern approaches. Tech firms and startups can be of a great help in boosting the efficiency of the sector, particularly in supplying food for livestock, poultry and aquatic animals," Financial Tribune quoted him as saying.

The vice president noted that cutting-edge technologies can have a powerful impact on developing vaccines, medicines, antibiotics, probiotics and food additives.

Sattari stressed that holding exhibitions and conferences pertaining to the latest developments in the field can help curb shortcomings and increase efficiency in the food industry.

Since President Hassan Rouhani began his first term in office in 2013, the government has extended strong financial and legal support for tech firms, knowledge-based companies and fledgling startups to ease the country's reliance on oil revenues and its march toward digital economy. The backing has led to a remarkable progress among talented tech teams in various fields.


Iran food industry Startups knowledge-based companies Smart Solutions Domestic Boosting traditional manufacturing