Thursday, July 08, 2004

Trade between India-Iran on an upswing

Trade between India-Iran on an upswing: "Trade between India-Iran on an upswing

BS Regional Bureau in Mumbai | July 08, 2004 08:37 IST

The bilateral trade between India and Iran is on an upswing and for the current year it is pegged at $ 2.9 billion.
'Iran has already agreed to supply 5 million tonne of liquefied natural gas, valued at $ 4 billion, to India. Several joint ventures projects between India and Iran, worth more than $200 million, are being implemented,' said Siavosh Yaghoubi, Iranian Ambassador to India.
He said that there a need to explore trade opportunities between the two countries in the areas of pharmaceuticals, engineering goods, textiles, capital goods, consumer durables, IT, fruits and mines. He was speaking at a meeting organised by the All India Association of Industries in Mumbai on Wednesday."


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