India-Iran trade in focus at FFFAI’s EC meet

At FFFAI’s ninth Executive Committee meeting in New Delhi, several issues, including the recently-announced national cargo policy, draft logistics policy, recent changes in GST, and trade opportunities between India and Iran, were discussed. Asghar Omidi, Counsellor, Economic Section, Embassy of the Islamic Republic of Iran, emphasised on the strategic importance of Chabahar Port in Iran to script the success of the Indo-Iran trade relationship, which has already been enjoying a rich cultural as well as personal relationship of people of the two countries. He pointed out that presently, India is Iran’s sixth trade partner, with $13.10bn in trade, and with support from Indian logistics stakeholders, the bilateral trade can be increased manifold. “The India-Iran bilateral trade can easily reach $20bn in the near future,” he said. Omidi also invited Indian freight forwarders and logistics companies to visit Iran to witness infrastructure facilities, including Chabahar Port, and explore business opportunities. Facilities at Chabahar Port are being developed in association with Government of India and Indian expertise, and the first phase of the port is operational now.