India is ready for joint venture investment in Iran’s oil industry particularly the downstream industry, Khalid M. Khan head of visiting Indian trade delegation said on Saturday.
He made the remarks in his speech to a Forum on trade and investment in Isfahan.
Investment in development of Chabahar port and also the fourth phase of South Pars Gas Field are on the agenda of Indian government, he added.
He referred to good economic ties of Tehran and New Delhi in the sanctions era, saying that India remained one of major customers of Iran’s oil and also one of the country’s major economic partners.
In the forum, Kumi G Kotwal, the head of Iran-India joint chamber of commerce called for closer cooperation between Iranian and Indian pharmaceutical companies.
Deputy head of Isfahan Chamber of Commerce Mostafa Ronasi said in his statement to the forum that there are good potentials for cooperation between Iranian and Indian companies in fields of industry, mining and tourism.
He said that India can reach the Central Asian countries with the help of Iran.
He said that Indian and Iranian companies can develop joint venture investment in the fields of steel, decorative stones, textile and petrochemical industry.