ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
The Indian economy will benefit from the nuclear deal between Iran and the six world powers, said a top official.
"The recently commissioned deal between Iran and six world powers to curb Tehran’s nuclear programme in exchange for limited sanctions relief shall have far reaching impact on the Indian economy," said President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Yahya Ale-Es-Hah.
He was addressing an interactive session organised by the MVIRDC World Trade Centre, Mumbai and the All India Association of Industries.
Yahya said, "India is the world’s fourth-largest oil importer and a major customer of Iran’s 1.7 million barrels per day of oil exports. The Indian government has had to drastically cut its energy imports to comply with international sanctions targeting Iran’s financial and oil sectors."
"However, the nuclear deal shall remove barriers on shipping insurance while ensuring imports of contracted volume of oil,” he said.
"India and Iran have enjoyed cordial relations since times immemorial. The two nations look forward to enrich their industrial and commercial relations in the years to come.
"We intend to target bilateral trade worth USD 30 billion by 2015. MOUs were signed between All India Association of Industries and Tehran Chamber of Commerce, Industries, Mines & Agriculture and MVIRDC World Trade Centre Mumbai and Tehran Chamber of Commerce, Industries, Mines & Agriculture to promote trade and economic cooperation between the two economies," he added.
The Indian economy will benefit from the nuclear deal between Iran and the six world powers, said a top official. "The recently commissioned deal between Iran and six world powers to curb Tehran’s nuclear programme in exchange for limited sanctions relief shall have far reaching impact on the...
The Indian economy will benefit from the nuclear deal between Iran and the six world powers, said a top official.
"The recently commissioned deal between Iran and six world powers to curb Tehran’s nuclear programme in exchange for limited sanctions relief shall have far reaching impact on the Indian economy," said President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Yahya Ale-Es-Hah.
He was addressing an interactive session organised by the MVIRDC World Trade Centre, Mumbai and the All India Association of Industries.
Yahya said, "India is the world’s fourth-largest oil importer and a major customer of Iran’s 1.7 million barrels per day of oil exports. The Indian government has had to drastically cut its energy imports to comply with international sanctions targeting Iran’s financial and oil sectors."
"However, the nuclear deal shall remove barriers on shipping insurance while ensuring imports of contracted volume of oil,” he said.
"India and Iran have enjoyed cordial relations since times immemorial. The two nations look forward to enrich their industrial and commercial relations in the years to come.
"We intend to target bilateral trade worth USD 30 billion by 2015. MOUs were signed between All India Association of Industries and Tehran Chamber of Commerce, Industries, Mines & Agriculture and MVIRDC World Trade Centre Mumbai and Tehran Chamber of Commerce, Industries, Mines & Agriculture to promote trade and economic cooperation between the two economies," he added.
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