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Iran signals it's open for business, woos India Inc with easier FDI norms

Iran Economic Affairs Minister hints at DTAA, preferential trade, claims $24 bn FDI flowed into his country in 2 years

Ram Nath Kovind, Narendra Modi, Hassan Rouhani. Photo: Dalip Kumar
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Ram Nath Kovind, Narendra Modi, Hassan Rouhani. Photo: Dalip Kumar

Subhayan Chakraborty New Delhi
Iran has pitched itself as an untapped market with reformed foreign direct investment policies for Indian firms at a time Iran signals it's open for business, woos India Inc with easier FDI norms India is planning to allow investments into Iran through the Rupee.

"Iran is a stable and desirable market for meeting a number of basic and livelihood needs for Indian merchants and we have plans to further liberalise our FDI policy." Iranian Minister for Economic Affairs and Finance Masoud Karbasian said on Saturday, adding that the country has received $24 billion worth of investments over the past 2 years.

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