Iran India

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.

Financial 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

Iran private sector calls for specific banking channels to boost India trade

Iran Chamber of Commerce President Shafei is leading a delegation of 30 businessmen in a 3-day visit to India accompanying Foreign Minsiter Mohammad Javad Zarif. Banking relations and Chabahar Port investment are high on the agenda.

Financial Markets

India kickstarts Chabahar Port activities with 70k tons of corn

New Delhi says it will be the first time it operates a port outside its territories. The south-eastern Iranian port of Chabahr is very crucial for India to bypass Pakistan and open its way to Central Asia and Europe.

Trade

Iran private sector eyeballs trade boost in India visit

Iranian oil for India is still crucial as is New Delhi investment in Chabahar Port that adds a further leverage to the countrys regional influence, linking it to Central Asia and Europe. These are will top Iran FM Zarifs agenda in India visit where he is accompanies by a large business delegation.

Trade

Iran has not ruled out participating in Chennai Petroleum expansion: Indian Oil

Naftiran Intertrade, the Swiss subsidiary of National Iranian Oil Company, holds a 15.4 per cent stake in Chennai Petroleum, while Indian Oil has about a 52 percent share.

Energy

India exempts rupee payments for Iran oil from hefty taxes

India was granted a US waiver to keep buying Iranian oil in November after Washington revivded economic sanctions on Tehan. But, the money for the sold has not made its way back to Iran as the sanctions have paralysed dollar-based financial transactions.

Energy