This paper presents the results of a research titled “Investigation of indigenization of imported technologies and its relationships with industrial development with reference to Food and Chemical Industries”. By reviewing the relevant literature, a conceptual framework including influential factors of indigenization of imported technologies and industrial development was designed. Then with 12 criteria of the framework (8 for indigenization and 4 for industrial development) questionnaire and interviews were designed and the field study was conducted in the food and chemical companies. Considered criteria in this research mainly focused on absorption and adoption stages of technology transfer process. The results of descriptive and inferential statistical analysis of gathered data in this research show that in food industry, factors like machinery maintenance and repair, quality of products, using internal raw material, adaptation and assimilation of production methods and production of similar technology have means above average measure. Also factors like increasing production, machinery maintenance and repair. quality of products, using internal raw material, producing diverse products, creation of similar technology and adaptation and assimilation of production methods have means above average measure in chemical industry. Totally, these two groups of industries have the same average measures that show good levels of technological capabilities in indigenization of imported technologies, but need to improve themselves continuously. In addition, there were statistically significant relationships among 4 criteria of industrial development and 8 criteria of indigenization of imported technology.