Iran, India Sign Deal to Promote Economic Cooperation

Iran and India sealed a deal to promote bilateral cooperation on entrepreneurship with a special entrepreneurship center to be opened in Tehran.

Director General of the Omid Entrepreneurship Trust of the Islamic Republic of Iran Asqar Nourollahzadeh and Head of Entrepreneurship Development Institute of India Senile Shukla signed an agreement worth two million dollars in India’s Hyderabad on Thursday.

Under the memorandum, signed on the sidelines of the biennial conference on the development of entrepreneurship in India, the special entrepreneurship center for the small- and medium-sized enterprises of India-Iran will be created in Tehran.

Providing specialized training courses, sharing knowledge to identify entrepreneurship capacities, implementing entrepreneurship development and microfinance programs are central tasks of this center.

India is one of the most successful countries in the development of micro and small businesses in the world, and implementation of this memorandum can be a base to use its experience in developing entrepreneurship, the financing system for micro and small businesses in rural and outskirt of cities, and poor–developed areas of to Iran.

Ali Rabiyee, Chairman of the board of directors of the fund, is heading the Iranian delegation in the visit.

Early in January, Iranian Foreign Minister Mohammad Javad Zarif told reporters on the sidelines of his meeting with Indian Minister for Road Transport and Highways Nitin Gadkari in New Delhi that his country will not wait for the EU and will further expand ties with its other partners.

"The Europeans have made efforts but they could not progress to the extent that we expected. We will cooperate with Europe on the SPV but will not wait for them and will cooperate with out traditional partners, including India, China and Russia, in line with the interests of the Iranian people," Zarif told reporters on the sidelines of his meeting with Indian Minister for Road Transport and Highways Nitin Gadkari in New Delhi on Tuesday.

He underscored cooperation with India in various fields, and said, "India's UCO bank and Pasargad bank in Iran have started their cooperation in trade."

Zarif expressed the hope that Iran and India would be able to further boost cooperation irrespective of the US sanctions in line with the interests of the two nations.

source: MINING.COM