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Iran-India Trade Forum to be held in ICCIM
In the forum convened in ICCIM with the attendance of Iranian and Indian businesspeople, different ways of expansion of economic ties between Iran and India were discussed.

According to the report of ICCIM Public Relations, Vice-President of Iran-India Joint Business Council, "Nazeri" stated that we hope we can promote our cooperation to the appropriate level in the near future, adding that Iran has taken some useful steps regarding the issue.

There are good opportunities and potentials for establishing shipping line between Persian Gulf and Indian ports for transference of goods to Western countries and South of Iran but unfortunately India does not have shipping lines, he noted.
It is easy for Indian businesspeople to get visa with the coordination of Iranian side but visa issuance by Indian side has not been facilitated yet, he expressed.
President of the Solvent Extractors' Association of India (SEA), "Ashok Sethia" stated that SEA was established in 1963 with the aim of developing oil industry and Halal Industry in India.
Principal exports of India to South East Asia and Middle East is oil and we have the best technology for oil processing and purification which is a help for GDP growth in India, he said.
21st century is Asian century since demands have risen and it is important to be able to produce and maintain high quality goods to meet demands of Asian markets, Sethia stated.
Executive Director of the Solvent Extractors' Association of India (SEA), "B.V. Mehta" also said this association is an NGO which is supported by Indian government and has 800 representatives all around India.
Industrial sector in India shows 3 to 9 percent growth during 2008-2009 and 9.6% is predicated for the next year, he noted.
Although edible oil production is 8 million ton annually, we import 8 million ton of oil each year, he declared.
Commercial Counselor of India's Embassy to Iran noted the condition is appropriate for development of cooperation between Iran and India, adding that there are ample potentials for investors to invest in India in different projects and Iran also enjoys lots of capacities.
The volume of trade exchanges between Iran and India was $13b last year and Iran was among the first five trade partners of India he said, adding that most of our trade was importing oil from Iran and it is necessary to expand areas of cooperation in this regard.
He finally said dispatching trade delegations will be useful for promotion of trade ties between the two countries.
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May 10, 2010 14:13
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