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Indian market; a target for Iran

Business Materials 2 August 2010 14:44 (UTC +04:00)

The Iranian commerce minister met Indian ambassador to Tehran and relayed the Islamic Republic's private sector's readiness to carry out technical and engineering projects in that country.

Mehdi Ghazanfari expressed his satisfaction with the positive trend in the two sides' political and economic relations, IRNA news agency reported.

He pointed out that exchanging delegations in specialized fields of trade and industry, increasing banking cooperation and furthering marine transportation will help foster relations.   

The Iranian official pointed out that Iran has relations with many countries worldwide and noted that even some European countries which have claimed to boycott Iran have not totally severed their ties with Tehran.

The Indian envoy to Tehran Sanji Singh stated that firms from his country are keen to invest and cooperate in Iran's oil, gas and mine sectors.

The Delhi diplomat mentioned that a delegation made up of members of the Indian Confederation will visit Iran in September to enhance trade links between the two nations.

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