NEWS
ECONOMY   Banks  

Tehran to Host Commercial Forum With India Next Week

Ajoint commercial forum, scheduled in Tehran on March 13, will host businesses from Iran and India.

The event was planned in a meeting between India’s commercial attaches in Iran and officials from the International Affairs Department of Iran Chamber of Commerce, Industries, Mines and Agriculture on Thursday.

Economic players and business owners from the two countries active in the fields of pharmaceuticals, chemicals, agricultural and livestock products, foodstuff and electronic devices are expected to attend the forum, which will be hosted by ICCIMA, ICCIMA news portal reported.

Representatives from two Iranian banks, namely Agribank and Pasargad, as well as India’s UCO Bank, will be present.

Iran and India are major trading partners. Iran traded 8.54 million tons of non-oil commodities worth $3.63 billion with India during the 10 months of the current fiscal year (March 21-Jan. 20). This registered an 11.65% and 11.42% decline in tonnage and value respectively compared with last year's corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.

Iran’s exports to India stood at 7.08 million tons worth $1.71 billion, down 13.12% and 23.05% in tonnage and value respectively year-on-year. India was Iran’s sixth export destination during the period.

Iran mainly exported urea, methanol, ammonia and bitumen to India during the 10-month period.

India exported 1.46 million tons of goods worth $1.92 billion to Iran, down 3.82% in tonnage and up 2.32% in value YOY. India was the fifth exporter of goods to Iran over the period.

The imports mainly included semi-milled rice, wholly-milled rice, graphite electrodes used in furnaces and tea.

News No: 3834
Date: 2019/03/04 - 21:36
News Source: Financial Tribune

India  Commercial  ICCIMA  India UCO Bank  graphite electrodes 

Comments:

Leave a Comment:

   
   
   
 

India: Chrome Ore Production Rises Substantially in Jan’19

Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in Jan’19 was noted to be 601,338MT . It is about 76% higher as compared to the previous month viz., Dec’18.
 

India: Domestic Sponge Iron Offers Correct Amid Slow Down in Inquiries

Sponge iron prices in Indian domestic market slightly fell by INR 200-500/MT (USD 3-7) in last couple of days over persistent limited inquiries.
 

Indian Domestic HRC Trades Slow down; Automobile Sales Disappoint

This week Indian HRC prices witnessed slight increase in traders market after announcement of sharp price hike by INR 1000-1500/MT by major Indian steel mills last week for March deliveries.However dull trades restricted surge in prices in trade segment this week.
 

Indian Mills Aiming to Produce DR Grade Pellets to Offset Vale Shortfall ?

Vale’s Corrego do Feijao mine rupture at Minas Gerais in Brumadinho, Brazil, on 25 January this year has put DRI manufacturers in MENA (Middle-east and North Africa) region under stress because of the announcement of a mammoth 11 MnT pa production cut of high-grade pellets by the Brazilian mining behemoth.
 

India: Domestic Pellet Offers Range Bound Amid Limited Trades

Indian pellet offers have remained unmoved this week against the previous week’s offer amid low trades and limited inquiries.
 

India: Silico Manganese Prices Gain Support from Increase in Ore Prices

Indian Silico Manganese prices remain unchanged in Raipur but rises steeply in Durgapur, as producers in Durgapur mostly rely on imported Ore.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners