Iran’s Exports to India Witnessing 74% Rise This Year
Iran’s exports to India in the first 9 months of the current year have increased by 74% comparing to the same period in the preceding year while its imports have declined by 37%.
Official Denies Shortage of Ship for Exports to India
Director of East Hormozgan Maritime and Ports Organization refuted reports that due to lack of ships, exports of agro products have been disrupted and called it a fake and baseless claim.
Iran Seeks Resumption of Oil Sales to India
Iran’s ambassador to India says Tehran expects New Delhi to resume oil purchases from Iran. He added Iran’s Foreign Minister Hossein Amir Abdollahian plans to visit India later this month.
India removes restrictions on Iranian cargo ships
India’s Mundra Port has reportedly reconsidered its decision on not handling Iranian cargoes as of November 15, Masoud Polmeh, the secretary-general of Shipping Association of Iran (SAOI) announced.
India calls on central Asian countries to expand trade through Chabahar
Indian Prime Minister Narendra Modi has called on Central Asian countries to benefit from Iran’s southeastern Chabahar Port capacities for expanding their trade in the region, Bloomberg reported.
Over $125 million allocated to nanotechnology sector
As of the start of a national plan to develop the nanotechnology sector 15 years ago, more than 5,283 billion rials (about $125.7 million at the official exchange rate of 42,000 rials) has been allocated to nanotechnology projects, IRNA reported on Saturday.
Turkey Replaces India as Iran’s Export Market
Head of Iran's Export Confederation Mohammad Lahooti says Turkey has replaced India as one of Iran’s major destinations for its exports, adding that Iran’s exports this year has grown.
Tehran, New Delhi Urged to Prioritize Close Ties
Iran’s President-elect Hojjatoleslam Seyed Ebrahim Raisi has highlighted the role of Iran and India as two influential players in the region, saying collective security and broad economic cooperation are among the top priorities in ties between the two countries.
Khadem Mansouri: No Bike Imports From India
Head of Iran Bicycle, Motorcycle and Spare Parts Sellers Union Mohammad Khadem Mansouri says there are currently no imports of bikes from India and as long as sanctions are not lifted, Indians will not sell bikes to Iran.
Iran-India Trade Slumped Due to COVID-19
Vice-President of India-Iran Chamber of Commerce says due to the U.S. unilateral maximum sanctions against Iran in the past year, India stopped buying Iran oil and Iran’s reserve cash in the Indian banks for purchasing goods has finished.