International Affairs & Trade Fairs Division of PHD Chamber of Commerce and Industry launched its first in the series of Virtual Interactive Series of Global Trade and Investment Opportunities for Indian Industry for the year 2022
As the outbound investment from India has undergone a considerable change, not only in terms of magnitude but also in terms of geographical spread and sectoral composition, Ph.D. Chamber of Commerce and Industry launched its first in the series of Virtual Interactive Series of Global Trade and Investment Opportunities for Indian Industry for the year 2022 “Global Trade and Investment Opportunities for Indian Industry in Iran” on 2nd February 2022 from 1 PM onwards.
H.E. Mr. Masoud Khansari, President, Tehran Chamber of Commerce, Industries & Mines talked about the impact of the pandemic on both the countries that are forming challenges and opportunities. He said Indian and Iran Industries should strive towards fostering business cooperation by establishing joint ventures. He also invited PHDCCI to led a business delegation to Iran which will constantly new areas of mutual co-operation and ensure the smooth flow of trade & bilateral cooperation.
Mr. Massoud Rezvanian, Deputy Chief of Mission, Embassy of the Islamic Republic of Iran talked about the friendly relations shared between the two countries since history, growing into a multifaceted manner. He mentioned that to increase bilateral trade relations, there is a need to strengthen financial and banking services in both nations. Both nations should find themselves at an opportune moment to explore the convergence of their mutual interests.
Mr. Ravinder Singh Second Secretary (Commercial), Embassy of India, Iran highlighted that India and Iran have a strong bilateral economic relationship and it needs to further deepen for the benefit of peoples of both countries.
Ms. Maryam Faraji, Deputy of Director General for Foreign Investment, Ministry of Economic Affairs & Finance of I.R Iran gave an overview of Iran’s economy. She highlighted that it’s the right time to enter into joint ventures for increasing investments by organizing several important economic and commercial conferences and exhibitions to enhance our bilateral economic relations
Mr. Seyed Reza Seyed Aghazadeh, Director‐General of the Asia‐Pacific Office at Iran’s Trade Promotion Organization (TPO) while deliberating about the historical, cultural, and geographical ties between the two nations, mentioned that the PTA agreement needs to be processed for facilitating trade at the same time reducing tariffs. He highlighted that increasing trade relations by leveraging the business environment will be a welcome step between the two countries.
Mrs. Ferial Mostofi, Head of Investment & Consultancy Center of TCCIMA highlighted that Iran offers and unique and valuable geographic location and provide the perfect platform to tap into the fast-growing and lucrative global travel market in key sectors like such as agricultural, infrastructure, energy, mining, pharmacology, innovation and digital sector. She also highlighted the advantages of investing in the Chabahar Free zone in the areas of trade, welfare services, and tourism. She also mentioned financial mechanisms like barter mechanisms and blockchain and cryptocurrencies for facilitating trade.
Mr. Pradeep Multani, President, PHDCCI in his presidential address highlighted that India-Iran relations spans millennia marked by meaningful interactions and with a focused and sector-specific approach, both the Indian and Iran Industries should strive towards fostering business cooperation by establishing joint ventures, technological transfers, etc.
Mr. Vijay Mehta, Chair, International Affairs Committee for MENA, PHDCCI while setting the agenda mentioned that series will allow to network and make new business connections with an idea to highlight and showcase the various opportunities and incentives provided by the World’s prominent investment attractive economies to Indian investors.
Mr. D P Goel, Co-Chair, International Affairs Committee for MENA, PHDCCI thanked all the dignitaries for the informative session provided to Indian industry about the various incentives offered by the Government of Iran.
Mr. Surinder K Kalra, International Affairs Committee for MENA, PHDCCI in his vote of thanks mentioned that PHDCCI will continue to work towards better and stronger collaborations with Iran and will constantly strive to identify new areas of mutual cooperation and ensure the smooth flow of trade, investment joint ventures, and technology.
The session was jointly moderated by Mr. Naveen Seth, Assistant Secretary, PHDCCI, and Mr. Niraj, Sr. Secretary, PHDCCI; it witnessed the participation of over 233 industry members including over 150 Iranian companies.
The webinar was supported by PHDCCI’s Annual Sponsors such as Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interior; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.
