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    • Source: IDRO Group

      • 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 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
      Hi-Tech Industries Development
      General Contracting
      Health care
      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):


      See also


      Economy of Iran
      IMIDRO
      Industry of Iran
      International rankings of Iran
      Iranian automobile industry
      Iranian railway industry
      List of Iranian companies
      National Iranian Oil Company
      National Iranian Petrochemical Company
      Privatization in Iran
      Science and technology in Iran
      Geological Survey and Mineral Exploration of Iran


      References




      External links


      IDRO's official website
      IDRO annual report (2008/09)
      IDRO annual report (2003)

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