Iran India

Iran, India, Afghanistan to celebrate Chabahar Day on 26 February

The port is Iran’s only exit way to international waters passing through the Sea of Oman. New Delhi has rapidly been developing the strategic port in a bid to export its commodities to Afghanistan bypassing Pakistan.

Transportation

Iran calls for actions to further boost India economic relations

The Iranian envoy to India believes the two countries’ common goal in Afghanistan, Iran’s Look East Policy, Chabahar Port and the International North-South Transport Corridor (INSTC) provide great opportunities for Tehran and New Delhi to push their economic ties to a higher level.

Trade

India, Russia agree to fast-track goods transit via Iran

India is eyeing a bigger role in Eurasia and Afghanistan and is looking at Iran to further increase its influence. Iran is the main route of the Interantional North South Transport Corridor (INSTC) that can help New Delhi achieve its goal.

Transportation

Iran calls on Afghan businesses to invest in Chabahar

Shaheed Beheshti Port in Iran’s south-eastern Chabahar Port and Free Zone, partly developed by India, is an important access to free waters for both Iran and landlocked Afghanistan as well as New Delhi that wants to bypass Pakistan.

Trade

Large ICCIMA delegation visits India to boost trade

Some 40 Iranian private sector businessmen and entrepreneurs, headed by ICCIMA President, Gholam Hossein Shafei, accompanied Foreign Minister, Javad Zarif, to India (8-10 January) in a bid to promote economic ties with the South Asian nation in the face of renewed unilateral US sanctions.

Iran Chamber

Chabahar Port: open doors for India towards Central Asia

Chabahar Port in southeastern Iranian Province of Sistan and Baluchistan holds the golden key for the South Asian country to foray into Afghanistan as well as the Central Asian market.

Trade

Iran says oil money coming back from India, China, South Korea

Tehran has been able to establish financial channels with regional countries to pay its exports in their national currencies in a bid to unblock the flow of export money to the country.

Money and Capital Markets

Iran private sector proposes barter trade, more banks to facilitate India trade

Iran Chamber of Commerce, Industries, Mines and Agriculture president has called for barter trade between Tehran and New Delhi in a bid to offset the financial challenges that have heavily affected Irans trade with other countries.

Iran Chamber

Bank Pasargad to open Mumbai branch within 3 months

The breakthrough comes after intensive Iranian-Indian negotiations aimed at unblocking financial transactions betweent the two countries following the restoration of unilateral US sanctions.

Money and Capital Markets

ICCIMA, Confederation of Indian Industry pledge further economic cooperation

The Memorandum of Understanding paves the way to boost Iran-India trade relations as Tehrna is looking more eastward following the US withdrawal from the 2015 international nuclear deal and restoration of economic sanctions.

Trade