SME Times is powered by   
Search News
Just in:   • Higher fiscal spending, consumption recovery lift India's Q2FY22 GDP above 8%  • Samsung unveils new auto chips for high-end cars  • Apr-Oct fiscal deficit over 36% of FY22 target  • Delhi HC order costs PSU insurance officials their Director post  • Inflation concerns 
Last updated: 27 Sep, 2014  

India.Iran.9.Thmb.jpg Iran keen to enhance non-oil trade with India

Iran.9.jpg
   Top Stories
» Higher fiscal spending, consumption recovery lift India's Q2FY22 GDP above 8%
» Apr-Oct fiscal deficit over 36% of FY22 target
» 21.52 cr loans extended to women under Mudra Yojana
» Skill India launches programme to upskill street food vendors
» No proposal to recognise Bitcoin as currency: FM
SME TImes News Bureau | 13 May, 2013
Iran is looking for more business with India in non-oil sectors to boost the bilateral trade, said its Consul General Hassan Noorian who sees great potential for cooperation in various non-oil fields like pharma, IT, electronics, automobile spare parts and food processing.

He was speaking at a meeting, where a business delegation which recently visited Iran shared their experiences.

Asked to comment on reports that the bilateral trade had come down to $10 billion from April to December last year, the Iranian diplomat attributed it to the cut in Indian oil imports due to Western sanctions on Tehran.

The bilateral trade between India and Iran during 2011-12 was $15 billion, majority of which was oil imports by India, the second largest oil importer from Iran.

The consul general pointed out that both the countries had agreed to focus on trade in non-oil sectors and planned to increase the bilateral trade to $25 billion in four years.

He said India's recent decision to invest $100 million in free trade zone in Chabahar was an example of growing ties between the two countries. He said the port located at the confluence of Indian Ocean and Oman Sea offer Indian companies access to the markest in Afghanistan and the Central Asia.

He said this port would also have greater strategic importance for India after the foreign forces leave Afghanistan in 2014.

The consul general said Indian companies were given special status in Iran and India was the only country whose firms were allowed to invest in oil sector. He thanked India for continuing its independent policy and remaining a friend of Iran despite the sanctions by the West.

A 23-member business delegation was taken to Iran by the Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) and the Chamber of Commerce for Iran Trade Promotion (CCITP). It also attended the first export capabilities exhibition of Iran held at Tehran from April 27 to 30.

Prem Kumar, president CCITP, said the delegation signed three MoUs with chambers of commerce of Tehran, Shiraz and Bushehr to promote business and trade. He said there was immense potential for strengthening the trade and business ties in various sectors.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

EXPORT OF FMCG PRODUCTS
RAJKUMAR ARORA | Wed May 15 15:37:55 2013
I PERSUME THERE IS BIG DEMAND FOR FMCG PRODUCTS IN IRAN , SO INDIA COULD BE THE BEST SOLUTION TO FULFILL THIS DEMAND,AFTER DUBAI, REGARDS, rajkumar.a@icloud.com


 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 01 Dec, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» 'Close contact with customers key to good customer services'(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter