Iranian trade team to visit India

TEHRAN (ISNA)- An Iranian delegation plans to visit India soon in order to facilitate trade ties between the two countries and use bilateral potentials for further mutual investment.

“India can provide a good opportunity for investment in different fields, including agriculture, industry and trade,” said Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture Yahya al-Eshagh.

The two sides could also work on petrochemistry, medicine and steel as well as import and export, goods sale and purchase, joint investment and cooperation in regional markets, he said.

The Iranian trade delegations have already stepped in India, but this time the two sides plan to discuss import of rice, press cake, meat and drug to Iran, al-Eshagh said, adding Iran can meet petrochemical needs of India.

Iran and India which have deep historical and cultural relations are now seeking to further expand political and economic ties.

India, the world’s fourth-largest petroleum consumer, is Iran’s second largest oil customer after China and purchases around $12bln worth of Iranian crude every year, about 12 percent of its consumption.



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