In­dia to Study Con­struc­tion of Fer­roal­loy Plant in Iran

Iran News - - DOMESTIC -

TEHRAN (IFP) - In­dia is to con­duct a fea­si­bil­ity study for the con­struc­tion of an al­loy-pro­duc­ing com­pany in south­ern Iran.

That was an­nounced dur­ing a visit to Iran’s Port of Chaba­har by San­deep Ja­jo­dia, the pres­i­dent of the As­so­ci­ated Cham­bers of Com­merce and In­dus­try of In­dia.

Dur­ing his visit, the In­dian of­fi­cial met with in­vest­ment and eco­nomic of­fi­cials of the Chaba­har Free Zone as well as Hamidreza Toosi, the rep­re­sen­ta­tive of the Ira­nian For­eign Min­istry.

One of the ob­jec­tives of Ja­jo­dia’s trip is to re­view the pos­si­bil­ity of con­struct­ing a fer­roal­loy plant as well as a steel mill.

Ja­jo­dia said among the in­cen­tives which have prompted New Delhi to fol­low up on the con­struc­tion of the fac­tory is the ex­is­tence of cheap en­ergy and easy ac­cess to tar­get mar­kets through the Chaba­har Free Zone as well the po­ten­tial for in­vest­ment in the area.

The Ira­nian side, in turn, touched upon the ad­van­tages of mak­ing in­vest­ment in Chaba­har, say­ing that re­cently dis­counts have ap­plied to in­vest­ment activities there, which could draw more in­vestors.

In­dia has, so far, man­aged its co­op­er­a­tion with Iran in the port of Chaba­har through boost­ing re­cip­ro­cal ties. Mean­while, the two coun­tries have been try­ing to reach com­mon un­der­stand­ing on an al­ter­na­tive

route to Cen­tral Asia via Chaba­har.

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