Home / Knowledge / News / Textiles / India may invest in Iran's petrochemical sector: NPC
India may invest in Iran's petrochemical sector: NPC
24
Jun '14
India is considering investing in Iranshahr and Chabahar petrochemical sites in Sistan and Baluchestan province of Iran, according to the National Petrochemical Company (NPC).
 
Iranshahr and Chabahar petrochemical sites offer a lot of benefits, especially as these two sites are relatively closer to India compared to the other Iranian petrochemical sites, which would reduce transportation costs, according to Mohammad Hossein Peivandi, deputy director of NPC, Mehr News Agency reported quoting IRNA.
 
Iranshahr is about 1,000 km closer to India and China compared to Mahshahr and Asaluyeh petrochemical production sites, Mr. Peivandi said. 
 
He informed that Chabahar and Jask are also being considered as potential regions for construction of petrochemical plants. These cities are also located in the Sistan and Baluchestan province, which can become a focus area for petrochemical projects in near future.
 
Meanwhile, Iran’s Deputy Minister for Oil and Petrochemical Affairs, Abbas Sheri-Moqaddam, has said that Iran is willing to support and cooperate with foreign and domestic investors.
 
Mr. Moqaddam, who is also the managing director of NPC, said Iran is a safe place for making investments and the country’s petrochemical industry is making a great progress.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search