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Indian Steel Ministry Asks Producers to Consider Iranian Investments
09/22/2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.
According to the newspaper, senior ministry officials met with representatives of seven steelmakers on 21 September and told them that Iran is ripe for investment, considering that sanctions have been lifted.
An unidentified source told the newspaper that the steelmakers said they are interested in investing in the country.
“But they emphasized on the need for raw material security along with required land should be provided to them to help them proceed,” the source said.
India’s government has asked State Trading Corp. of India Ltd. to put together deals with its Iranian counterpart that would pave the way for Indian steel exports, the newspaper said.
An unidentified source told the newspaper that the steelmakers said they are interested in investing in the country.
“But they emphasized on the need for raw material security along with required land should be provided to them to help them proceed,” the source said.
India’s government has asked State Trading Corp. of India Ltd. to put together deals with its Iranian counterpart that would pave the way for Indian steel exports, the newspaper said.
