Iranian industries now competing globally

TEHRAN, May 01 (MNA) – Iran’s Hassan Rouhani has told a ceremony in the occasion of Labor Day (May 1) after JCPOA implementation country needs production to keep with the ever-growing global economy and to keep alive hopes of multitudes of laborers for improvements in their living conditions. President Rouhani addressed the ceremony in Tehran where he believed that Iranian industries had already entered global competitions, providing the example of MAPNA (Persian acronym; Iran’s Power Plant Projects Holding Company) which now competed with GE and Siemens, outclassing Mitsubishi and Hitachi as world giants in electronic equipment production. “Our nation should take pride on the prospect where its electricity and railroads are manufactured by Iranian work force; MAPNA in this regard pioneers the country’s industries in terms of daring into the hi-tech field, working and competing with giants of global industry,” Mr. Rouhani told the ceremony. However, president believed that to keep up with the growth of the world economy, first the nation should absorb technology from the outside and then indigenize it for domestic purposes; “only after that could a nation produce wealth and bring boom to economy and with it a welfare to its laborers,” he added. “We should remain in global competitions and find world markets; in this way, quality of exported goods will be an influential contributor.” Rouhani however admitted that not in any single spot in history did Iran’s economy provide enough space for growing labor force and ample opportunity for Iranian workforce to prosper; “the economy even failed to absorb and use the expertise of the technical worker and the engineer, subjecting the employment environment with uncertainties and incurring economic losses,” he objected. “The system should work to upheld the unrepresented or underrepresented work force which had been remaining in the market in the face of low wages and discrimination against them by the employers; in doing so, we should bring the investor to a safe ground of stability and transparency where the investor finds excellent and propitious ground for harvesting their returns,” he told the ceremony. “In a society where economy generates jobs and welfare of the public, people will find happiness, and with inflation low enough for public to enjoy a modest level of welfare, we could claim we have achieved our lofty goals,” Rouhani emphasized. President Rouhani predicted a 5-per cent economic growth for fiscal year ending March 21 2016 and hoped that the government would live to its promises by shackling the inflation beast and bringing boom to economy through foreign investors; “the government will stand with laborers as major contributors to national economy and will wage best efforts to provide them with their due place in terms of social respect and economic welfare,” he concluded.