Industrial Development and Renovation Organization of Iran (IDRO) was established in 1967 to develop the industry sector and to accelerate the industrialization process of the country. It has become one of Iran' largest holding company/conglomerate (company) in recent years.

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.^[1]

Contents 1 Activities 2 IDRO's main subsidiaries 3 References 4 See also 5 External links

[edit] Activities

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 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
• Hi-Tech Industries Development
• General Contracting

[edit] IDRO's main subsidiaries

This is a partial list of IDRO's main subsidiaries:

• Automotive Industries Research Innovation Center
• Damafin Thermal Technology Co.
• DESCO
• Govah Co.
• GSS (Gostaresh ShirSazi Co.)
• Heavy Equipment Production Company (HEPCO)
• Heavy Pumps & Water Turbines Mfg. Co.
• IDEM (Iranian Diesel Engine Mfg. Co.)
• IHDM (Iran Heavy Dies Manufacturing Co.)
• Industrial Projects Management of Iran
• IPHRD (Institute for Productivity & Human Resources Development)
• Iran Combine Manufacturing Company
• Iran Info-Tech Development Co.
• Iran Khodro
• Iran Radiator Co.
• Iran Shipbuilding & Offshore Industries Complex Co.
• Iran Tractor Forging Co
• Iran Tractor Mfg. Co.
• Machine Sazi Tabriz Co.
• MAGFA (Information Technology Development Center)
• Mashhad Wheel Mfg. Co. (M. W. M)
• Mehr Cam Pars
• MSA of Iran (Machine Sazi Arak Co.)
• Nasbe Sanaye Azarabe Co.
• Neyreperse Co.
• Nimeh Hadi Emad Co.
• PIDECO (Pars International Development & Engineering Company)
• Rena Industrial Group Investment Co.
• SAIPA
• SAIPA Yadak Trading Co.
• SAPCO: Supplying Automotive Parts Company
• Sazeh Gostar SAIPA Co.
• Toos Payvand Co.
• Wagon Pars
• ZAMYAD Co.

[edit] References

1. ^ http://www.presstv.com/detail.aspx?id=99914&sectionid=351020102

[edit] See also

• Iranian automobile industry
• Privatization in Iran
• List of Iranian companies
• IMIDRO

[edit] External links

• Company's Website