Iran General NewsIranian minister trying to woo Indian businesses

Iranian minister trying to woo Indian businesses


AP: Iran’s energy minister is working to woo Indian businesses to invest in his nation’s sanction-hit economy. The Associated Press

NEW DELHI (AP) — Iran’s energy minister is working to woo Indian businesses to invest in his nation’s sanction-hit economy.

Majid Namjoo told a meeting of Indian business leaders Wednesday that there were huge opportunities to do business with Iran’s private sector that remain largely unaffected by Western sanctions.

The United States and the European Union have imposed sanctions on Iran to deter it from pursuing a nuclear weapons program. Iran insists its nuclear program is for peaceful purposes.

Energy-starved India remains one of Iran’s biggest oil importers and has been actively searching for investment deals with the country as an ad hoc barter arrangement to pay for its oil bills.

Latest news

US Sanctions IRGC’s Foreign Terrorism, Intel Unit Chief

The US government has imposed sanctions targeting the Chief of the Intelligence Unit of Iran’s Islamic Revolutionary Guard Corps...

Iran’s Fruit Production: Exports High, Consumption Low, Prices Soar

Iran's diverse climate, topography, and altitude give rise to a wide variety of fruits, ranging from tropical dates to...

Iran’s impoverished population has skyrocketed

Over the course of a decade, 11 million people (about twice the population of Arizona) have been added to...

Iran’s Medicine Shortage Continues as Production of Sports Supplements Increase

One of the dilemmas before ordinary Iranians is the shortage and skyrocketing price of medicines. All the while, the...

Iranian Regime Presidency Servers Taken Over By Dissidents, Exposing Regime Vulnerabilities

In a significant security breach, the official website of the Iranian regime’s presidency was taken over by Iranian dissidents...

Abolfazl Amir Ataei, 16, Dies After 8 Months In A Coma

Abolfazl Amir Ataei, a 16-year-old teenager in the Iranian capital of Tehran, died on Friday, May 26, after being...

Must read

Iran Is Thwarted in Yemen

Iran Focus London, 7 Sep - Iran’s plans to take...

Iran’s leader steps deeper into the political fray

AP: Iran's supreme leader is supposed to be many...

You might also likeRELATED
Recommended to you