Iran-India trade will increase trade: FIEO President

The joint secretary in the commerce ministry, Arvind Mehta and M Rafeeque Ahmed, president of the Federation of Indian Export Organisations (FIEO) has led the trade dialogue on Friday left for Tehran to explore business opportunities in the oil-rich country.

As per official report, they will be in Iran till March 14 to hold meetings with Iranian chambers of commerce and businessmen to explore new investment opportunities in Iran.

From last two months, U.S. and European Union tried to force India by amid accelerated efforts to push sanctions against Iran.

As per U.S., Iran is developing nuclear weapons under a civilian atomic energy programme for become a world’s largest powerful nation, and to disrupt its effort, U.S. sanctioned it and also pushed other nation to do same.

But recent announcement of visit of trade mission by India scrubbed Western sanctions on Iran. However along with oil, India also plans to go ahead with refurbishing of the Chabahar Port in Iran and a strategic railway link. This link will offer direct access to Afghanistan and the energy-rich Central Asia.

Even India wants to build better relations with Iran because trade opportunity wise Iran is very crucial nation from that supply 12 per cent of India’s oil imports is processed.

The Indian Embassy asserted in Washington on Tuesday dismiss all the allegation of multi faced attempt and said, “India’s relationship with Iran is neither inconsistent with non-proliferation objectives, nor do we seek to contradict the relationships we have with our friends in West Asia or with the United States and Europe.”

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