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.