EghtesadOnline: The unilateral sanctions the US is anticipated to reimpose on Iran in August and November have made the situation worse for India, as oil imports from Tehran are expected to become more complicated and difficult.
EghtesadOnline: India on Thursday said it will take measures to offset any adverse impact on its interests due to US President Donald Trump’s decision to dump the Iran nuclear deal.
EghtesadOnline: Iran traded $4.98 billion worth of non-oil goods with India during the last Iranian year (ended March 20, 2018), which is 5.13% higher compared to the year before, making the South Asian country Iran’s sixth biggest trading partner.
EghtesadOnline: India’s Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its ex-post facto approval to the memorandum of understanding between India and Iran on the establishment of an expert group for taking trade remedy measures to promote cooperation in areas of mutual interest.
EghtesadOnline: Moved by the industrial climate and opportunities available in Odisha, Iran has evinced interest in investing in the Indian state.
EghtesadOnline: Tehran Chamber of Commerce, Industries, Mines and Agriculture will meet on January 30 to discuss ways to expand exports to India.
EghtesadOnline: India is one of Iran's main trading partners.
EghtesadOnline: New Delhi must work with the government of President Hassan Rouhani to ensure that bilateral irritants in fostering economic ties between the two nations are resolved soon, reads an article published by the US-based think-tank Eurasia Review. According to Financial Tribune, excerpts follow:
EghtesadOnline: The latest shipping figures show India’s purchases of crude oil from Iran in June dropped drastically but instead increased significantly from Venezuela as well as Iraq and Egypt.
EghtesadOnline: India’s government-run refiners plan to import less Iranian crude oil in the 2017-18 fiscal year ending March 2018 compared to the previous fiscal year, India’s Oil Minister Dharmendra Pradhan said.