Indian Ambassador Rudra Gaurav Shresth Discusses Business Opportunities with Iran-India Business Chamber

On June 30, Indian Ambassador to Iran, Rudra Gaurav Shresth, met with members of the Iran-India Business Chamber in Tehran. The meeting focused on exploring collaboration opportunities between businesses in India and Iran.

Key Highlights

A major topic of discussion was the recently signed agreement on the Chahbahar Port. This agreement is expected to facilitate smoother trade routes between India, Iran, and other regional countries, boosting economic activities and creating new investment opportunities.

The Embassy of India in Iran shared that Ambassador Shresth emphasized the potential of leveraging complementarities in Indian and Iranian businesses. He also highlighted the transformative potential of the Chahbahar Port agreement.

Chahbahar Port Agreement

The Chahbahar Port is a flagship project between India and Iran, serving as a crucial transit port for trade with Afghanistan. India has played a significant role in its development and operation. Recently, India and Iran signed a long-term agreement to operate the Shahid-Beheshti Port Terminal for 10 years. This agreement, signed between Indian Ports Global Limited (IPGL) and Iran’s Port & Maritime Organisation (PMO), aims to enhance regional connectivity and streamline trade routes, offering an alternative to traditional routes through Pakistan.

India and Iran share a long history of interactions, marked by high-level exchanges, commercial cooperation, and cultural ties.