Iran leader allocates funds for key rail project linking Chabahar to Zahedan and Afghanistan

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved tapping into Iran’s sovereign wealth fund for construction of a key railway in the southeast of the country.

First Afghan fruit cargo exported to India via Chabahar Port

Afghanistan has exported fruit to India through Iran’s strategic port of Chabahar for the first time since the corridor was opened several months ago.

India looking to set up Exim Bank branch in Iran

The Indian ambassador to Iran says the situation is ripe and all the groundwork has been laid at Chabahar Port so that a branch of Export-Import Bank of India opens in Iran.

Iran can secure Indian energy demands to preserve its national interests: Ambassador

The Iranian envoy to India Ali Chegeni said India and Iran are long-time friends and that it’s in New Delhi’s interests to buy Iranian oil.

Iran seeking monetary pacts with regional countries: FM Zarif

Iranian Foreign Minister Mohammad Javad Zarif says his country is in talks with several regional countries to do business in national currencies.

Indian rice, soya exporters to Iran call for payment guidelines as contracts shrink

Indian companies, engaged in exporting rice and soyabean meals to Iran are requesting that Indian government come up with special guidelines about how to clear payments from Iran.

India plans to resume oil imports from Iran to skirt US sanctions: Report

The government of PM Modi is seriously studying plans to resume oil purchases from Iran despite the sanctions. New Delhi is reportedly ironing out the details.

India establishes 3rd direct shipping route to Iran’s Qeshm Island

The Asian country, which is one of Iran’s major trading partner, has opened the route by sending a 13,000-ton ship to Iran.

Iran’s FM Zarif tours Asia to rally support for Tehran against US pressures

India, Japan and China are Iran’s three biggest oil clients that have stopped their purchases after Trump Administration didn’t renew sanctions waivers. Iranian Foreign Minister Mohammad Javad Zarif has finished his Asian tour to rally these countries’ support behind Tehran at a time of heightened tensions with the US.

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‘India to set trade priorities with Iran to further facilitate bilateral commerce’

New Delhi envoy to Iran Gaddam Dharmendra says India has made good progress in developing Chabahar Port to diversify its trade relations with Iran. He believes two countries need to prioritize items under the sanctions.