‘Given Iran’s advances and scientific capacities, Iran has good capacities for investment,’ Hellmann said Friday on the sidelines of the Third International Pharmaceuticals Congress hosted by Shahr-e Kord.

He said that Iran has many capabilities and capacities for advancement and the papers that have been presented by Iranian researchers to this congress shows that the Iranian researchers are at a good scientific level.

‘There are many people in Germany who are willing to be present in Iran and they have scientific exchanges with Iranian researchers; we expect that these exchanges to be prepared more than any time before,’ Hellmann added.

He said that several joint ventures between Iran and German companies have taken place.

Dinesh Sharma who is in Tehran along with an Indian commercial delegation told IRNA Friday that the company is currently importing these products from Iran.

He further noted that the company used to import raw materials from Iran and it also imported the materials from Iran indirectly in times of sanctions.

The official said that establishment of a factory producing materials needed by Kesar will ensure a secure supply of raw materials for the company.

Iran can also promote its production through joint foreign investments and transfer of technology, generate jobs and attain a sustainable production and income, he said.

‘No deal has so far been signed, but we will propose it to the Iranian side,’ he said, noting that removal of sanctions has provided an opportunity for direct talks with the Iranian firms.

Indian Prime Minister Narendra Modi in his recent trip to Tehran along with President Hassan Rouhani attended signing ceremonies of 12 cooperation deals on banking, ports and trade.

Khalid M Khan, regional chairman of Federation of Indian Export Organizations made the remarks here Wednesday while talking to IRNA.

The Indian Federation, he said, is trying to boost trade exchanges with Iran through chambers of commerce in both countries.

Iranian cities of Isfahan, Shiraz and Tehran are at the center of attention for India, said he, adding several meetings have been held to review ways to widen trade cooperation with those cities.

Founded in 1962, the Indian Federation supervises export activities in the country and is determined to help strengthen trade cooperation through holding different exhibitions, Khalid M Khan said.

He further described Chabahar agreement signed between Iran, India and Afghanistan on Monday as a basis for economic relations between Tehran and New Delhi.

Establishment of Chabahar international corridor will reduce transportation expenses at least by 30 percent, he added.

The corridor is the closest access to countries including Afghanistan, Turkmenistan, Uzbekistan, Tajikistan, Kyrgyzstan and Kazakhstan that are located in the Central Asia, he said.

India and Iran enjoy dynamic economies, said the Indian official, adding trade cooperation between the two will benefit both.

India’s ties with Iran are not limited to that area, said he, stressing the two will also widen cultural and diplomatic relations.

Iran and India inked 12 documents on cooperation in different areas during visit of Indian Prime Minister Narendra Modi to Tehran. Modi arrived here on Sunday.

Iran’s share of exports to India, whose worth of yearly imports is 450 billion dollars, is only 2.5 billion dollars in a year.

The signatories to the documents were Trade Promotion Organization of Iran and China Council for the Promotion of International Trade and Zhejiang Province Chamber of Commerce as well as Iran and China private sector.

Two documents were signed between TPO and CCPIT and Zhejiang Chamber of Commerce for cooperation on different fields and five documents between private sectors of the both countries.
One of the documents was signed between Iran Chamber of Commerce and the Legal Bureau of China international promotion Council, undertaking to regulate trade problems between Iran and China.

Another document was signed between Iran-China joint Chamber of Commerce and joint chamber of Zhejiang province to follow up development of export and investment between the two countries.
The last document was signed between Iranian and Chinese companies to produce ‘LED’ lights and optic supplements and education materials and projectors.

Speaking to IRNA on the sidelines of an exclusive South Korean exhibition in Tehran, Lee said that his company is ready for any kind of cooperation with Iran.

Hyundai Dymos produces different sedans, four-wheel drive cars, buses and trucks and is a subsidiary of Hyundai Motors which is the South Korea’s main automaker and the second largest automaker in Asia, Lee said.

He said that Iranian consumers are firstly concerned about the costs and secondly about the quality and that the products of Hyundai Dymos can satisfy the Iranian customers.

The company has so far been active in North America, Europe and China and it is now seeking a foothold in the Middle East, Lee said, adding that Iran can be a proper place for manufacturing the company’s products and exporting them to other regional countries.

The agreement was signed in Tehran in the presence of heads of state of the three countries.

In a joint press conference with Indian Prime Minister Narendra Modi, President Hassan Rouhani said that Chabahar will serve as the starting point of the transit corridor between the South and East and between the South and North.

Once the railway between Chabahar and Zahedan and the railway between Zahedan and Sarakhs are completed, the Port of Chabahar can turn into a point joining different countries, including, India, Afghanistan, Central Asian countries, Caucasus and Eastern Europe, the president said.

After the signing ceremony, President Rouhani, Narendra Modi and Afghan President Ashraf Ghani attended a joint press conference.

Speaking to IRNA, Deputy Vice Governor of the Lombardy region Fabrizio Sala, who is visiting Iran as a member of the European House-Ambrosetti delegation, said that Lombardia has enjoyed prolific cooperation with Iran in the framework of international agreements.

The value of trade transactions between Iran and Lombardy region reached 400 million euro in 2015, he said, adding the figure indicates a 20-percent increase compared to the same period in the previous year.

He estimated that the figure would increase by five to six percent in 2017 comparing to that of the 2016.

Sala reiterated that companies in Lombardy region are among world’s major companies regarding their activities in health and transport infrastructure sectors.

The first session of Iran-Italy economic summit organized by the European House-Ambrosetti was held in Tehran from May 15 to 16 with the participation of Iranian and Italian officials.

Topics on the agenda of the meeting included banking systems, insurance, taxation systems, expansion of bilateral relations, infrastructure issues, auto making industry, urban development, energy, commerce, investment, tourism and culture.

The meeting aimed at broadening ties and cooperation between Tehran and Rome.

Lombardy is one of the twenty administrative regions of Italy, in the northwest of the country, with an area of 23,844 square kilometres.

About 10 million people, or a sixth of Italy’s population, lives in Lombardy and about a fifth of Italy’s GDP is produced in the region, making it the most populous and richest region in the country and one of the richest regions in Europe.

Milan, Lombardy’s capital, is the second-largest city and the largest metropolitan area in Italy.

Speaking in a local gathering in Sari, Nobakht stressed that the investments have been made in 41 projects nationwide.

‘The foreign investors have been lured to make investment in Iran following the trips of presidents of nine countries to Iran,’ he added.

He underscored that the JCPOA has removed the obstacles on the way of the Iranian economy.

Iran and the five permanent members of the UN Security Council- US, France, Britain, China and Russia-plus Germany started to implement the Joint Comprehensive Plan of Action (JCPOA) on January 16.

During the meeting with Rabiei on Wednesday, officials of Oclaner Asset Management Ltd. said that their company is able to absorb three billion dollars of investment money for Iran projects.

Oclaner managers expressed readiness to cooperate with Iran’s Ministry of Cooperatives, Labor and Social Welfare for financing the ministry’s affiliated companies and projects.

Rabiei leading a delegation of top commercial managers is now touring the city-state country in South-East Asia.

The Iranian delegation on Wednesday visited a big port in Singapore and got acquainted with its activities.

The visit by the Iranian official is taking place upon invitation by the head of Singapore port.

Chief of the Cultural Heritage, Handicrafts and Tourism Organization made the remarks at an Iran-China tourism conference in the Chinese capital.

Getting familiar with Iranian civilization is necessary for the Chinese community, Soltanifar said.

Referring to the cultural and natural attractions of Iran, he urged promotion of sustainable tourism along the ancient Silk Road.

During the meeting, Chinese officials also welcomed development of tourism ties between Tehran and Beijing.

Heading a delegation, Soltanifar arrived in China Wednesday morning local time to attend the First World Conference on Tourism for Development.

The First World Conference on Tourism for Development is holding in Beijing, China from 18-21 May 2016 with a specific view to advancing the contribution of tourism to the UN Sustainable Development Goals (SDG) under the theme “Tourism for Peace and Development”.