Iran-India Relations

Trade between Iran and India stood at about $17 billion in 2018, witnessing an increase of 24% compared to 2017, according to Iran's Ambassador to India Ali Chegini.

Iran has released nine out of 12 Indians who were on board the ship MT Riah that was detained on a charge of fuel smuggling in early July, official Indian sources said on Thursday.

Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security. Iran's…

Iran traded 1.09 million tons of non-oil commodities worth $440 million with India during the first Iranian month (March 21-April 20), registering a 13.34% and 36.34% increase in tonnage and…

Oil Minister Bijan Namdar Zanganeh said Tuesday the National Iranian Oil Company has invited the Indian consortium led by ONGC Videsh Ltd (OVL) to negotiate for the last time on the development…

Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the country and is looking at ways to make payments in Indian rupee to get around US…

A new shipping route between the seaport of Kandla in western India and Iran's southern Qeshm Island has been officially established with the arrival of a cargo ship named Neshat in Qeshm.

The prospects of economic cooperation continuing between Iran and India still seem promising, given New Delhi's long-held policy of balancing its relations with Tehran and Washington and a…

Two days after the visit of Iranian Foreign Minister Mohammed Javad Zarif, India held the 11th Consular Committee Meeting with Iran on Thursday to ease visa and legal issues for boosting…

Foreign Minister Mohammed Javad Zarif held talks with his Indian counterpart, Sushma Swaraj, in New Delhi on Tuesday to discuss ways of preserving mutual trade relations as well as other areas…

India’s government is holding talks with a new bank to facilitate trade with Iran and process Iran/India transactions. The new bank is set to work in tandem with UCO bank, according to Gaddam…

Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources…

Oil Minister Bijan Namdar Zanganeh said on Saturday negotiations are underway with an Indian consortium led by ONGC Videsh Ltd, the foreign investment arm of India’s Oil and Natural Gas Corp. to…

A joint forum titled “Potential for Expanding India-Iran Trade” was held at Iran Chamber of Commerce, Industries, Mines and Agriculture's headquarters in Tehran on Wednesday. Officials and…

A joint commercial forum, scheduled in Tehran on March 13, will host businesses from Iran and India.  The event was planned in a meeting between India’s commercial attaches in Iran and…

Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food…

Iran and India, which have both suffered deadly militant attacks in the past week, agreed on Saturday to cooperate in combating terrorism in the region.  The agreement was made during a…

Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil, at reduced levels, as New Delhi has put forward a strong case to Washington that it…

India’s Hindustan Petroleum Corporation Limited could buy 0.9 million tons of Iran oil in its 2018/19 financial year, said Vinod S Shenoy, the company’s director of refineries. HPCL bought 0.7…

India would like to trade with Iran without violating any international laws, Indian Commerce and Industry Minister Suresh Prabhu said on Thursday.

India has begun paying Iran for oil in rupees, a senior bank official said Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington…

Iran's Foreign Minister Mohammad Javad Zarif is in India to attend the annual Raisina Dialogue organized by think-tank Observer Research Foundation and meet with top Indian officials, including…

Iran's Foreign Minister Mohammed Javad Zarif is expected to arrive in India after leaving Tehran on Monday afternoon, IRNA reported.  The top Iranian diplomat, who will be in India for the…

Talks to develop Farzad B gas field in the Persian Gulf are underway between Iran and India, but no decision has yet been taken, India’s outgoing ambassador to Tehran Saurabh Kumar said…

Iran traded 7.17 million tons of non-oil commodities worth $3.18 billion with India during the first eight months of the current fiscal year (March 21-Nov. 21) to register a 7.82% and 5.34%…