Arab Today, arab today iranindia trade would boost ties
Last Updated : GMT 04:33:33
Arab Today, arab today
Arab Today, arab today

Iran-India trade would boost ties

Arab Today, arab today

Arab Today, arab today Iran-India trade would boost ties

Tehran - AFP

Boosting exports from India to Iran would not only help right lopsided trade but also deepen ties between the two countries, a major Indian delegation said on Saturday at the start of a five-day visit. \"New Delhi is seeking to increase its exports to Iran and sees the increase in trade as a sign of deepening relations,\" Rafeeq Ahmed, president of the government-backed Federation of Indian Export Organisations, told a Tehran meeting of Iranian businessmen. \"New Delhi gives ample importance to boosting ties with Tehran,\" he said, according to quotes reported by Iran\'s official IRNA news agency. The delegation, counting around 70 government and corporate representatives, is exploring what India sees as \"huge\" potential in increasing sales to Iran at a time the Islamic republic is being cut off from other markets because of ramped-up Western sanctions. India, which buys $14 billion worth of oil from Iran per year but currently sells just $2.7 billion of goods to the Islamic republic, refuses to go along with the US-led sanctions. With Iran having agreed to receive 45 percent of its Indian oil revenues in rupees, instead of harder-to-collect dollars, the scope for buying more Indian goods has greatly widened. Arvind Mehta, joint secretary in the Indian commerce ministry, was quoted as saying that \"high quality and cheap agricultural products, medicine and hospital services are among the fields of cooperation which Iran can benefit from its Indian partner.\" The secretary general of Tehran\'s Chamber of Commerce, Mohammad Mehdi Rasekh, said he also saw opportunities for Indian suppliers. \"India has capabilities in the fields of food industry, medicine, metals and machinery and car parts, and in return Iran has capabilities in plastic material, polymers and chemicals, and thus cooperation in this regard can be boosted,\" he said. But while India is focusing on the possible trade boost with Iran, it will also have to balance its growing partnership with the United States and maintain its good relations with Israel, a key arms supplier. A source close to the Indian delegation said in New Delhi that the companies involved -- which were not identified by Indian officials -- were worried about potential US reprisals. US lawmakers and pro-Israel groups have accused New Delhi of undermining American and European efforts to isolate Tehran and force it to abandon its nuclear programme. An attack that severely injured an Israeli diplomat in New Delhi last month -- blamed by Israel on Iran -- has added further complications. The Indian trade team is to stay in Iran until March 14. Iran is India\'s second-largest oil supplier after Saudi Arabia, and while India has diversified to cut its dependence on the country in recent years, New Delhi says replacement of \"all Iranian oil imports\" is not \"a realistic option\".

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iranindia trade would boost ties Arab Today, arab today iranindia trade would boost ties

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday