Indian compnaies to invest $15 billion in Iran
*New Delhi, April 14, IRNA *
India-Iran-Investment
Chairman of the Iranian Chamber of Commerce and Industries and Mines Ali Naqi Khamoushi says Indian companies will invest a sum of dlrs 15 billion in Iran’s energy, steel and aluminum sectors.
“Political tension between Iran and the western nations has made the private sector of Iran shift its focus from West to East on the economic fields,” Khamoushi said in an exclusive interview with IRNA.
Terming his discussions with Indian companies as highly positive and encouraging, Khamoushi said that cooperation with eastern nations has great potentials for Iran due to lack of political tension between Iran and these countries.
Referring to his negotiations with officials of Indian oil and natural gas ministry, he said that Iran and India are strongly interested in bilateral cooperation in the energy sector.
On the projects to be implemented with the Indian companies in Iran, Khamoushi said, "Setting up of a 10-million ton foundry plant in Iran is one of the projects for which we have found a very suitable Indian partner.
“We also held discussions with an Indian company on setting up of a 250,000-ton, extendable to 500,000-ton, aluminum plant in Iran.” Advocating the establishment of an economic alliance between Iran, India, Pakistan and China, Khamoushi said that such a development would provide these countries a huge economic potential.
I don’t know why China/Hindustan are passing UN resolutions against Iran while at the same time investing billions in Iran… quite baffled!!!