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Iran seeks joint manufacturing opportunities with India

Updated: Apr 14, 2023 04:25:47pm
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Iran seeks joint manufacturing opportunities with India

New Delhi, Apr 14 (KNN) Iran’s Deputy Foreign Minister for Economic Relation Mehdi Safari on Thursday proposed joint manufacturing activities with India across industries.

Hoping for an enhanced bilateral trade with India this year, he told PTI that there are a lot of opportunities for the two countries.

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“There are a lot of opportunities… (that) they have in the products and industries, are complementary to each other. Especially in high technology, India is very good and we are very good in (the area of) bio, nano, and kinetic (technology),” said Safari who was speaking on the sidelines of an event jointly hosted by AIAI and WTC Mumbai.

According to him, this is a joint and common area in which both countries can have common manufacturing in India or Iran and promote exports to other countries.

“But we believe that in Iran for such industry, which I mentioned, they (Indian companies) can come (and set up joint facilities) as Iran has 15 neighbours with more than 400 million people,” Safari said.

“Of course, India’s population is high but in this area with 15 neighbouring countries with different tastes, Iran can be a focal point for such manufacturing to export to these countries…,” the minister said.  (KNN Bureau)

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