Union Minister Suresh Prabhu proposes to double bilateral trade with Iran in next five years

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National News

Sep 08, 2018

9:53AM

Union Minister Suresh Prabhu proposes to double bilateral trade with Iran in next five years

@sureshpprabhu

Commerce and Industry Minister Suresh Prabhu has proposed to double bilateral trade with Iran in the next five years from the current level of 13.8 billion dollars.

Official sources said, ways to boost trade and investment between the two countries were discussed during a meeting between Mr Prabhu and Iranian Minister of Road and Urban Development Abbas Ahmad Akhoundi in New Delhi yesterday.

After the meeting, Mr Prabhu tweeted, their discussions were centered on expanding bilateral ties between India and Iran beyond the energy and security sector.

The meeting assumes significance as the US has imposed sanctions on the Persian Gulf country.