Iranian, Armenian and Indian officials have agreed to hold a meeting on trilateral cooperation in the transportation sector, Iran’s ambassador to Yerevan said.
Indian Ambassador to Iran Rudra Gaurav Shresth says that if the Iranian economy was not under the pressure of sanctions, the volume of trade between the two countries could reach $16 billion while it is now as low as $2 billion.
Russia has for the first time sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to a statement by Russia’s national railway company.
Russia has announced plans to export coal to India through Iran’s railways.
New Delhi lives up to its obligations to develop the Iranian port of Chabahar, the Indian Ambassador to Iran Rudra Gaurav Shresth says.
Iran and India have exchanged some $377 million worth of goods in the first two months of 2024, according to a recent report by the Ministry of Commerce and Industry of India.
Iran has exported as much as $2.217 billion worth of goods to India during the past Iranian calendar year to late March, according to an official with Iran’s Trade Promotion Organization (TPO).
India’s Ministry of Commerce and Industry has recently issued a report which puts the country’s trade exchanges with Iran in January at over $200 million.
Iran’s import of rice and tea from India decreased by 34 and 65 percent in 2023 respectively compared to a year earlier, the Indian Ministry of Commerce and Industry said.
Officials from Iran and India finalized an agreement on the development of the Chabahar Port located in the southeastern part of Iran.