Iranian envoy says, soon Indian banks will be able to open offices in Iran
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Iranian Consul General says that very soon Indian banks and financial institutions will be able to open their branches in Iran’s mainland. Addressing more then 150 people at Mumbai on 27th July, Mr. Ali Mohammadi informed that Iranian regulations were being revised to allow foreign banks and financial institutions to open their branches in Iran. Mr. Mohammadi, who has recently taken over as the new Consul General of Iranian Consulate in Mumbai, also informed that his Consulate was now issuing business visas within 24 hours on recommendations made by reputed commercial chambers or industry associations. |
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Mr. Ganesh Kumar Gupta, President, FIEO addressing the meeting. Sitting on the dais is Mr. Mr. Bharat Shah, Senior Vice President, the Indian Iran Chamber of Commerce & Industry. |
Speaking further during the ceremony jointly organized by India-Iran Chamber of Commerce & Industry (IICCI) and Indo-Iranian Friendship Society to felicitate him, the Consul General wooed Indian investments in Iranian oil & gas, copper and coal sectors.
FIEO President Mr. Ganesh Kumar Gupta, during his address as the Guest of Honour, expressed serious concern over the bilateral trade statistics between the two countries recording a drop of 3.5% for the year 2005-06. "The bilateral trade declined from US$1231.39 in the year 2004-05 to US$1188.35 million in the year 2005-06," he said. FIEO Chief expressed concurrence with the view of the President of IICCI, Dr. S M Dewan, that the lack of efficient banking channels between the two countries was chiefly responsible for the downfall.
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From left, Mr. Ali Mohammadi, Consul General of Iran in Mumbai; Mr. Godrej N. Dotivala, Secretary General, Indo-Iranian Friendship Society; Mr. Bharat Shah; and Mr. Ganesh Kumar Gupta. |
Identifying the products exportable to Iran, Mr. Gupta said, a huge demand exits in Iran for sports goods, rice, marine products, sesame seeds, oil meals, sugar, cotton, jute, yarns etc. With respect to investments, he said, education, oil exploration & information technology are the three major areas where the two sides could collaborate for mutual benefits.
The dignitaries who attended the ceremony included Dr Jamshed J Irani, Director, Tata Sons Limited, Mr. Shailesh Bijoor, Jt Chief Protocol Officer, Government of Maharashtra, and Mr. Homi R Khusrokhan, Managing Director, Tata Chemicals Ltd.
