Germany’s Bosch to expand activities in Iran

Bosch company is planning to broaden its trade and business in Iran in different fields, a senior manager of the company announced.

Fars News Agency quoted the Deputy Head of Bosch Auto Spare Parts Company Christopher Denville as saying, “Currently, Bosch is cooperating with 55 firms in Iran and seeks to expand its activities in the region.”

He said that Bosch has been cooperating with its Iranian partners for many years, recalling, “The first Bosch representative office was opened in Iran in 1924 and the first contract with Iranian automotive maker was signed in 1971.”

The senior manager said that the company was forced to leave Iran in 2006 due to the sanctions against the country, but in the year following the implementation of nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), Bosch returned to Iran and established a new firm named Bosch Tejarat Pars.

In relevant remarks in January, German Ambassador to Tehran Michael Klor-berchtold voiced his country’s eagerness to broaden bilateral ties with Iran in the trade sector.

“Germany likes to develop dynamic relations with Iran in economic fields,” Klor-berchtold said.

“We are ready to utilize all potentials in Iran’s northwestern province (of East Azarbaijan) to bolster bilateral ties in all fields, including the pharmaceutical and auto manufacturing sectors,” German envoy added.

He reiterated that his country maintains dynamic and flexible ties with Iran.