Iran, India call for expansion of economic ties

February 26, 2011

TEHRAN -- Iranian Economy Minister Shamseddin Hosseini and his Indian counterpart, Pranab Mukherjee in New Delhi on Thursday emphasized enhancement of economic and trade ties while calling for paving the grounds for increasing the volume of joint investments.

Indian Finance Minister Pranab Mukherjee said India and Iran have considerable volume of trade transactions which can even be increased, IRNA reported.
Mukherjee called for more diversified transactions between both countries.
Hosseini for his part said that the infrastructure for diversified trade transactions should be prepared given the high potentials for cooperation between the two countries.
“Iran and India have strategic ties and the volume of their trade transactions exceeds 14 billion dollars,” Hosseini added.
India and Iran have been holding discussions at regular intervals on issues concerning economic cooperation under the aegis of a Joint Commission mechanism established in July 1983.
This is Hosseini’s second visit to India in a period of six months. Earlier, he had visited India to attend the 16th Session of the Joint Commission in July 2010.
Hosseini, heading a high ranking economic delegation, arrived in New Delhi on Thursday morning for a two-day visit to India.