Receiving the National Resistance Economy Award by Iran Bearing Bush Company (IBBC)

At the first edition of the National Resistance Economy Award Festival, Iran Bearing Bush Company, one of the industrial subsidiaries of the Farzanegan Group, succeeded in receiving the National Resistance Economy Award and a certificate of appreciation.

This festival was held with the presence of the Minister of Cooperatives, Labor, and Social Welfare and the Head of the Organization of Basij Workers and Factories of the country, and from among 1,432 evaluated production units by specialized teams, eventually 55 top production units of the country were selected and introduced.

In this ceremony, Dr. Hamidreza Shahinfar, CEO of Iran Bearing Bush Company, received the National Resistance Economy Award on behalf of the company.

In the selection of top units, indicators such as reduction of dependence on imports, localization of technology, reduction of dependence on oil, and use of domestic capacities were evaluated.

In parts of this event, Dr. Ahmad Meydari, former Deputy Minister of Cooperatives, emphasized the importance of the resistance economy beyond the conditions of sanctions and said:

“Resistance economy is not only related to sanctions but also includes resilience against economic, environmental, and social shocks. The Resistance Economy Festival is an opportunity to identify and support businesses that, relying on domestic capabilities and knowledge-based companies, have taken the path of sustainable production and localization.”

The Farzanegan Industrial Group, while congratulating this success, considers the effective presence of its subsidiaries in the path of achieving a resistance economy and promoting national production a source of pride.