By Admin 
India Iran Trade Relations: The eyes of the whole world are currently on the ongoing dispute between Iran and Israel. Iran’s military bases have been attacked by America and Israel. In response to which retaliatory action is also going on from Iran’s side.
The impact of this dispute can be seen all over the world. Now the question arises that what effect will this war have on the trade between India and Iran. Let us know about this…
Old trade relations between India and Iran
Relations between the two countries are many years old. Iran is dependent on India for many of its daily needs. At the same time, India also wants Iran’s help to gain access to crude oil and Central Asia. Also, India-Iran relations are not only commercial, but cultural ties also work to connect the two countries.
India’s trade relations with Iran
Iran has been an important partner of India in the energy sector for a long time and has been supplying crude oil to India. Even during the period of American sanctions, trade relations between the two countries did not end completely. At the same time, essential items like medicines, rice, wheat, sugar and cotton clothes are exported from India to Iran.
There is a good demand for these goods in Iran. Especially Iran has been a big buyer of Basmati rice. Apart from this, tea, sugar, auto parts, medicines and some engineering products are also sent from India to Iran.
Which products does India import from Iran?
Iran has played an important role in meeting India’s energy needs. India has been importing crude oil from there on a large scale. Apart from this, dry fruits like pistachios and dates, some special chemicals, petrochemical products and glass utensils are also imported from Iran.
India’s investment in Chabahar Port
With the aim of strengthening trade and connectivity, India is making a big investment in Chabahar Port of Iran. This project is considered important not only from business point of view but also from diplomatic point of view. Because through this an important alternative route to deliver goods to Central Asia and Afghanistan is available.
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