Financial Tribune - Industries Minister Reza Rahmani said that in two years, infrastructures of information and communication technologies will be mainly localized, curbing an annual capital flight of over $10 billion

Iran's ICT sector will become less dependent on imports and more self-reliant by 2021, thanks to the expansion of domestic production units, the industries minister said.

Addressing a meeting held in Tehran late last week, Reza Rahmani added that within two years, infrastructures of information and communication technologies will mostly be localized, curbing an annual capital flight of over $10 billion, IRIB News reported.

"In line with strengthening domestic manufacturers and increasing the share of Iran-made products in the field, the import of more than 1,500 communication products has been stopped over the past several years, as they can be produced by local manufacturers using domestic equipment and technology," Rahmani said.

“The role of locally-made devices in the field is expected to expand, making the ICT sector independent of foreign sources,” he added.

Rahmani said localization will flourish further and boost exports.