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India, Iran moot proposal for joint business chamber of commerce
Jan 09, 2019

India and Iran have had engagements with each other for millennia and this includes trading relationship and it is heartening to see that this engagement with continue according to Dr Mohammad Javad Zarif, Foreign Minister of Iran amid suggestion of creation joint Indo-Iranian chamber of commerce for better business partnership. 
He was speaking at inaugural session of the India – Iran Business Forum jointly organized by the Confederation of Indian Industry (CII) and the Embassy of the Islamic Republic of Iran here on Tuesday. 
Zarif said that Iran and India have been working and living together for centuries and this includes trading with each other. He also mentioned that Iran and India have strong economic relationships with Iran being one of India’s major suppliers of energy and urea fertilizers. 
While Iran has always relied on its domestic population to support its growth and development objectives, it is always keen to explore complementarities with other countries said Zarif. According to him India and Iran learn a lot from each other and this includes the knowledge economy. 
Zarif also mentioned that challenges from the outside world exist, but Iran has always managed to survive and work with the sanctions in place and that these sanctions never impair its economic relationships, such as the one it has with India. 
Gen. (Dr) V. K. Singh (Retd), MoS MEA stated that there is a need to examine how the India – Iran relationship was built previously to explore how it can be strengthened going further. According to him, Iran has always been a close partner of India but there exist opportunities to deepen this engagement further. Trade between India and Iran stands at around $ 13 billion but according to Singh there exists a potential for doubling to tripling this trade.