The Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) and the commercial organisation of Khorasan province of Iran entered into a memorandum of understanding (MoU) here today.
Ompraksh Tibrewala, the president of Fapcci, and Moustali, the president of the commercial organisation of Khorasan province, signed the agreement in the presence of chief minister N Chandrababu Naidu.
The MoU focuses on technology transfer and organising seminars and exhibitions on various industrial segments especially in information technology.
Naidu invited the Iranian companies to explore the opportunities in Andhra Pradesh in the fields of bulk drugs, textiles, pharmaceuticals, readymade garments, software, food and agro based products etc., according to a press release issued here.