Deputy Minister of Industries, Mines and Trade for Industries Affairs, Mohsen Salehinia, said on Sunday that Saipa and French Citroen are in talks, nearing conclusion of a contract.
Talking to IRNA, Salehinia said the two sides have in their talks even ascertained the amount of joint venture investment and the location for activities.
He said that based on outcome of latest talks, volume of joint investment for the first phase of the project is set at 200 million dollars and Kashan branch of Saipa has been specified as the site of implementation of the project.
