India’s 2018/19 Iran oil imports up 5% YoY despite US sanctions: Report

India imported about 5 percent more oil from Iran in the last fiscal year through March as companies raised purchases ahead of US sanctions against Tehran from November, preliminary tanker arrival data obtained from shipping and industry sources showed.

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New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

Iran-India joint business forum

Indian Ambassador to Iran Gaddam Dharmendra, UCO Bank Chief Representative in Iran Sabeer Nazeem, Indian and Iranian tradesmen and women attend a joint Iran-India business forum, presided by Mohammad Reza Karbasi, Deputy Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in international affairs.

Indian SPV with Iran running since 6 months ago: Envoy

New Delhi says it knew that US President Donald Trump Administration would withdraw from the nuclear deal and reimpose sanctions. So, it started to put in place a Special Purpose Vehicle (SPV) to make sure its trade ties with Iran are secured.

India negotiating with US to continue Iran oil purchase

The country has been buying crude from Iran under the US sanctions although in lesser quantities. The energy-hungry South East Asian state, is eager to be able to import Iranian crude as well as abide by the US punitive measures.

Iran buys Indian sugar for first time in five years: report

Reuters has spoken to five trade sources in India that confirm that they have contracted to deliver 150,000 tonnes of raw sugar to Iran for March and April delivery.

First Afghan cargo convoy, destined for India, arrives at Chabahar Port

Chabahar Port in Iran’s south-eastern Sistan and Baluchistan Province, is a regional transport hub. It’s the first time that an Afghan cargo consignment is sent to India via Chabahar Port bypassing Pakistan.

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.

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.

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.