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

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search