ID :
25262
Sat, 10/18/2008 - 14:01
Auther :
Shortlink :
http://m.oananews.org//node/25262
The shortlink copeid
India, Iran broaden prospects for trade
New Delhi, Oct 18, IRNA- Iran explored new opportunities for business with Indian counterparts at a seminar organized by the Confederation of Indian Industry (CII) in New Delhi.
A high level delegation comprising Iranian business leaders including
senior officials of the Government of the Islamic Republic of Iran,
Thursday took the opportunity to interact with the Indian industry
members about their forthcoming projects in the sectors of
Infrastructure, Roads & Railways, Power, Cement, Shipping and
Maritime, Aluminium & Steel, Pharmaceuticals, Automotive & Auto
components, SME among others.
Optimistic about the share of expertise Hossain Salimi, Senior office
bearer of Iran Chambers of Commerce and Indutry, said: "I being an
entrepreneur in Iran, witnessed the ups and downs of the Iranian
economy. At present the Iran trade and business sector has come of
age. However we are yet to catch up with the world on various aspects
of development, and we are confident to find Indian interest in
sharing their technology and expertise with us. Iran is a promising
option for India as it is just 3 hours air connectivity away. Iran at
present seeks special expertise in the areas of automobiles, cement,
steel among others. "
Mahmood Ali Abadi, Director General, Foreign Investment Office,
Organization for Investment, Economic and Technical Assistance of
Iran, highlighted, "Iran offers investment opportunities in different
varieties.
In a Joint venture, it is possible for a foreign country to hold 100
per cent shares.
"We welcome Indians to invest in Iranian Stock market, which is not
affected by the global financial crackdown. We ensure that the foreign
investments will be protected here and good returns are generated for
the investors."
Hosting the Indian government's point of view, M.K. Anand, Director -
West Asia North Africa (WANA), Department of Commerce, Ministry of
Commerce and Industry, said: "We praise the efforts made by the CII
for streamlining the existing areas and developing new areas for
trade. Iran is a radiant and vibrant market and we look forward to
greater engagement by the Indian cooperates in sectors apart from Oil
and Chemicals.
"We should look forward at the possibility to creating a Indian trade
hub in Iran for further expansion in the region. We will be hosting a
Joint Commission Meeting in Tehran, Iran on the 1-2nd November 2008,
for facilitating stronger trade ties."
A C Patankar, Co-Chairman CII Persian Gulf Council said, "India and
Iran share strong trade and cultural ties, we can expand the trade
amongst the two nations by acting as a facilitator in the exchange of
expertise. CII is ready to take forth the issues faced by the
corporate from either sides, and will be more than happy to address
issues associated with the trade."
India-Iran trade has increased tremendously from $ 6.1 billion in
2005-06 to $ 9.53 billion in 2006-07, the bilateral trade amongst the
two nations can be further augmented by putting in place the requisite
policies.
A high level delegation comprising Iranian business leaders including
senior officials of the Government of the Islamic Republic of Iran,
Thursday took the opportunity to interact with the Indian industry
members about their forthcoming projects in the sectors of
Infrastructure, Roads & Railways, Power, Cement, Shipping and
Maritime, Aluminium & Steel, Pharmaceuticals, Automotive & Auto
components, SME among others.
Optimistic about the share of expertise Hossain Salimi, Senior office
bearer of Iran Chambers of Commerce and Indutry, said: "I being an
entrepreneur in Iran, witnessed the ups and downs of the Iranian
economy. At present the Iran trade and business sector has come of
age. However we are yet to catch up with the world on various aspects
of development, and we are confident to find Indian interest in
sharing their technology and expertise with us. Iran is a promising
option for India as it is just 3 hours air connectivity away. Iran at
present seeks special expertise in the areas of automobiles, cement,
steel among others. "
Mahmood Ali Abadi, Director General, Foreign Investment Office,
Organization for Investment, Economic and Technical Assistance of
Iran, highlighted, "Iran offers investment opportunities in different
varieties.
In a Joint venture, it is possible for a foreign country to hold 100
per cent shares.
"We welcome Indians to invest in Iranian Stock market, which is not
affected by the global financial crackdown. We ensure that the foreign
investments will be protected here and good returns are generated for
the investors."
Hosting the Indian government's point of view, M.K. Anand, Director -
West Asia North Africa (WANA), Department of Commerce, Ministry of
Commerce and Industry, said: "We praise the efforts made by the CII
for streamlining the existing areas and developing new areas for
trade. Iran is a radiant and vibrant market and we look forward to
greater engagement by the Indian cooperates in sectors apart from Oil
and Chemicals.
"We should look forward at the possibility to creating a Indian trade
hub in Iran for further expansion in the region. We will be hosting a
Joint Commission Meeting in Tehran, Iran on the 1-2nd November 2008,
for facilitating stronger trade ties."
A C Patankar, Co-Chairman CII Persian Gulf Council said, "India and
Iran share strong trade and cultural ties, we can expand the trade
amongst the two nations by acting as a facilitator in the exchange of
expertise. CII is ready to take forth the issues faced by the
corporate from either sides, and will be more than happy to address
issues associated with the trade."
India-Iran trade has increased tremendously from $ 6.1 billion in
2005-06 to $ 9.53 billion in 2006-07, the bilateral trade amongst the
two nations can be further augmented by putting in place the requisite
policies.
