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Pardis Technology Park: The Silicon Valley Of Iran

The Park provides technology incubators to companies that specialize in ICT, software, electronics, mechanics and automation, biotechnology etc

Paradis Technology Park

Mumbai: At the foot of scenic snow-covered hills, 97 kms from the International Airport in Tehran, lies the Paradise of Technology or as the Persians call it, “Pardis Technology Park” (PTP). Renowned as the Silicon Valley of Iran PTP functions in 60 hectares of land expandable upto 1000 hectares.

A trip to this beautiful Free Zone for Technology, in the enchanting Garden of Scientists one will astonishingly be greeted by the bust of the late Indian Scientist, Acharya Jagdish Chandra Bose (1858-1937). Bose was a polymath, physicist, biologist, botanist, archaeologist and an author of science fiction who was recognized by the World Association of Electronic and Electricity Engineers as the pioneer of Radio Sciences.

With India as one of the top clients and oldest friends of Iran, PTP has intensified co-operation with the Confederation of Indian Industries as one of its chief goals in Asia.

“In the last 260 years the global economy has witnessed three industrial revolutions. For the next century, technology is the driving force behind the Fourth Industrial Revolution. Countries that lag behind in commercializing their innovations and technology will lag behind in economic development. With this vision and mission PTP – the biggest technology zone in the west of Asia –has been set up under the auspices of the Vice Presidency of Science and Technology of Iran,” says an analyst at PTP. It provides technology incubators to companies that specialize in ICT, software, electronics, mechanics and automation, biotechnology and medical equipment, nanotechnology, oil and gas and chemistry.

In 2014, through TechMarts, PTP generated a turnover of USD 666 million through contracts with 38 countries. Half of this turnover was their profit – and the investment by the government was as little as USD 16 million.

In 2018, the Government investment in PTP increased five-fold to 80 million USD and private investment has reached 1 billion USD.

Analysts judiciously say, “This idea works,” especially with Iran having a young and highly educated workforce that boasts of a literacy rate crossing the 98% mark.

The global presence of PTP extends from India, China and Oman in the Far East and Middle East to Russia, Sweden, France, Ukraine, Austria, Belarus, South Africa, Ecuador and Venezuela in the West.

International firms such as Camsi Co. of China are showing keen interest and have agreed to develop the third phase of the Park with an investment of upto 125 million euros.

With its initiatives PTP aims to enhance the global Science-Technology-Innovative (STI) ecosystem thereby hosting the D-8 Technology Transfer and Exchange Network (D8-TTEN) for developing the Organisation of Islamic Co-operation (OIC) countries: Bangladesh, Egypt, Nigeria, Indonesia, Iran, Malaysia and Pakistan. Its shared technological and industrial partnerships with giants like National Iranian Oil Co. (NIOC) National Iranian Gas Co. (NIGC), National Iranian Petrochemical Co. (NIPC) give it a powerful leverage. Governmental partners include the Ministry of Foreign Affairs and the Ministry of Industries.

PTP along with The World Academy of Science (TWAS), Islamic Development Bank (IDB) from Saudi Arabia, International Academy of Sciences (IAS) of Jordan, COMSTECH of 57 OIC countries, Universiti Putra of Malaysia (UPM) – and many other such elite global organizations has paved way for global STI development under the The Mustafa Science and Technology Foundation (MSTF).

In order to synergize global relations it connects all stake holders of the STI community including top scientists, technologists, investors and VCs besides knowledge based industries. It invites international scientists to submit their landmark works on science edge which have influenced the life of humanity to be awarded an internationally recognized prestigious award, “The Mustafa Prize” – worth 500,000 USD. The United Nations has documented this initiative for the South-South Cooperation (UNOSSC).

“The MSTF perceives science and technology as one of the main pillars for sustainable development as the basis of effective integration and cooperation of all nations for the collective progress of the world”, Dr. Eram Rizvi, the Mumbai-based Ambassador for MSTF, says.

The success of the global integration of PTP is evident from the difference between two key economic variables – that – despite Iran not being among the top 10 countries in the sector of ‘International Openness’, it ranks No.1 in the world in the field of ‘Price Competitiveness’.

An economist at PTP shrugs conclusively, “A picture speaks a thousand words.”

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