Iran’s knowledge-based firms helped save $1.4b in foreign currency expenses

Iranian knowledge-based firms have played a significant role in efforts to promote the country’s biotechnology sector and helped the administration save $1.4 billion in foreign currency expenses in that direction.

Experts believe biotechnologies serve as a way to achieve sustainable development by promoting the quantitative and qualitative production of sufficient food and medicine.

Sustainable development is aimed at protecting human life and the sustainability of natural resources for the present and future generations. It seeks to manage and control the current and future crises so that mankind can safely pass through tough historical junctures.

In Iran, the biotechnology sector has proven effective in efforts to achieve sustainable development. 

As a case in point, Iranian knowledge-based companies mobilized to develop medicine and vaccinations against coronavirus since the onset of the pandemic.

Thanks to those efforts, Iran is today known as one of the countries that have overcome the disease, while figures of infections with the virus and the relevant death toll are on a downward trend.

The Biotechnology Development Headquarters of the Vice Presidency for Science, Technology and Knowledge-based Economy has been able to help the government and push for progress in the country’s biotechnology sector by cutting $1.4 billion in foreign currency expenses.