Iran and India discuss shipping and ports co-operation

20 October 2008
Iran and India have held talks in Tehran over improving co-operation in the shipping and ports sectors.

On 19 and 20 October, the two countries discussed establishing a new trade route from India to Russia, using Iranian ports and rail links.

An agreement has also been signed, to partner Martyr Rajaei Port on Iran's Gulf coast with India's port of Jawaharlal Nehru Port, on the country's west coast.

The director general of Iran’s Ports and Shipping Organisation (PSO), Mohsen Sadeqifar, says Iran imports $1.5bn worth of goods from India each year, and exports $150m of goods to the country, with most goods travelling by sea.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.