read more....from asia times...
''On March 4, Iranian President Mahmud Ahmadinejad received the Indian Minister for New and Renewable Energies, Farooq Abdullah. The public agenda for their conversation was straightforward. Ahmadinejad pointed out that Iran raises "no restriction in expanding comprehensive ties including trade, joint investment, scientific, cultural and tourism with India". Abdullah concurred, saying, "The Indian government seeks an expansion of cooperation in all fields." The tenor of the meeting suggests a buoyancy in relations between India and Iran.
There are three reasons why this meeting was so amicable.
1. Finalized rupee payment mechanism: On Friday, March 2, Rafeeque Ahmed, president of the Federation of Indian Export Organizations (FIEO), released an unexpected statement to the press. "The payment problem with Iran has been resolved with the operationalization of rupee payment mechanism through UCO Bank." A team from the Iranian Central Bank was in New Delhi over the weekend. They sorted out most of the pragmatic problems with the new payment mechanism."
No comments:
Post a Comment