A high powered economic delegation from Iran arrived in New Delhi on Thursday (8 September) to discuss plans for expanding investment in India.
A high powered economic delegation from Iran arrived in New Delhi on Thursday (8 September) to discuss plans for expanding investment in India. Several agreements were expected to be signed when the talks ended.
SYNOPSIS: On Friday (9 September) talks were held at government offices in New Delhi. The Iranian Minister for Economic Affairs, Mr Hushang Ansary was on a stock-taking mission, checking on projects in which Iran has invested and seeing what other investments can be made. Iran has for some time been making heavy investments in India. At the talks were Senior Indian Ministers representing all aspects of the country's economy.
The two sides discussed arrangements for the supply of alumina for processing into aluminium at the Indian smelter project at Arak. Mr. Ansary is understood to have discussed the mining of rich bauxite deposits on the east cost of India. The Indian government has been keen to exploit the mineral but has been held back by lack of finance. Indian officials have also suggested to the Iranians the setting up of a paper and pulp mill. In exchange for Indian would provide the finished products.