Iran sends business delegation to India to boost trade

Iran sends business delegation to India to boost tradeA high-level business delegation from Iran has arrived in India in a bid to boost trade and take business ties between the two countries to a higher level.

The delegation primary aim is to ease the bottlenecks that have been preventing the two countries from making the most of huge trade potential available to them.

Vijay Kalantri, the president of the All India Association of Industries (AIAI), which hosted a meeting between Iran's business delegation and Indian businessmen, said that trade between the two countries could increase from current $13.5 billion to more than $30 billion within just two years if bottlenecks are removed.

The Islamic Republic of Iran's consul general Masood Ebrahim Khaleghi said that financing the trade and get more visas more easily were the two biggest challenges that they were facing.

Speaking on the topic, Khaleghi added, "True, last year the Indian Consulate in Iran issued some 40,000 visas. But this could go up to 400,000, promoting both people contacts and tourism between the two countries."

Yahya Ale-es-hagh, president of Teheran Chamber of Commerce, Industries, Mines & Agriculture, said that they were making efforts to find ways to promote business in diverse areas, including gas, oil, energy, textiles, telecommunications cables, engineering, medical equipment, construction, pharmaceuticals, banking, water treatment and food & agro.

The delegation came to India after Iran hit a nuclear deal with the U. S. and other world powers. The deal will ease sanctions against Iran and allow more countries to trade with the Islamic Republic. Many experts are of the view that as more countries are now able to trade with Iran, India may lose its near-monopoly in rice and soymeal exports to the oil-rich country.

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