The Islamic Republic of Iran Shipping Lines (IRISL) has launched a direct container shipping line from Shahid Beheshti Port in southeastern Chabahar to India’s Nhava Sheva Port, MANA reported.
The ministries of agriculture of Iran and India have signed a memorandum of understanding to set up a joint committee on agriculture.
Tehran and New Delhi are expected to sign a long-term deal for the development of Iran’s Chabahar Port by September before the Global Maritime India Summit 2023 scheduled to be held in New Delhi in October, two people familiar with the matter stated.
Iran’s trade with India fell by 19.67% during the first four months of 2023 compared with the same period of last year to stand at $702 million, latest data released by the Indian Ministry of Commerce and Industry show.
The Indian government is sending another consignment of 20,000 tons of wheat to Afghanistan amid a humanitarian crisis in the county.
The deputy agriculture ministers of Iran and India agreed on organizing the first joint Working Group for bolstering agricultural cooperation between the two countries.
A senior Iranian government official says the country may tap more funding from Russia and India for transport projects that could facilitate international cargo transit through the Iranian territory.
Figures by the Ministry of Commerce and Industry of India shows the Asian country’s imports of goods from Iran nearly doubled year-on-year in the first two months of 2023.
Iran and India exchanged as much as $2.5 billion worth of goods in 2022, according to figures by India’s Ministry of Commerce and Industry, IRNA news agency reported
India has allocated ₹100 crore ($12.16 million) for Iran’s Chabahar port in the 2023-24 budget presented on Wednesday, signaling the importance of the facility in regional connectivity efforts, Hindustan Times reported.