TEHRAN - Vice President for Science, Technology, and Knowledge-based Economy, Rouhollah Dehqani-Firouzabadi, has said the country is planning to export laboratory equipment to neighboring countries.

Knowledge-based companies started to meet the country’s technological needs in the past decade, he said, adding that the Vice Presidency supported the companies to manufacture laboratory equipment, Mehr News Agency reported.

Now, various pieces of laboratory equipment are manufactured at prices much lower than the same foreign products, Dehqani-Firouzabadi noted.

Foreign delegations that attend Iranian exhibitions will be familiarized with the country’s capabilities, he said, adding that the export of knowledge-based products was $300 million in the year to March 2021, but increased to $600 million the year after.

The export has surged to $1.5 billion so far in the current Iranian calendar year and is forecast to hit $2 billion by the end of the year, he said.

MG