N. Delhi Okays Capital Markets MoU With Tehran
Economy, Business And Markets

N. Delhi Okays Capital Markets MoU With Tehran

The Indian government approved on Thursday a memorandum of understanding signed by Iran’s Securities and Exchange Organization and Securities and Exchange Board of India back in November. Signed by Indian Prime Minister Narenda Modi, the MoU is set to facilitate bitumen exports to India through Iran Mercantile Exchange and expand Iran-India cooperation in the capital market, especially between commodity exchanges, according to the head of SEO’s public relations, Yaser Fallah. “As one of Iran’s largest bitumen buyers, India can now purchase the commodity with a higher, guaranteed quality from IME,” he added.

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