‘India-Iran trade can touch $30 bn by 2015′

February 15th, 2012 - 8:56 pm ICT by IANS  

New Delhi, Feb 15 (IANS) An influential Indian trade body Wednesday said the recent attack on Israeli targets, blamed by Israel on Iran, will not affect India’s growing trade and business ties with Iran, which can grow to $30 billion by 2015.

“India is a rapidly growing economy with a surging demand for commercial energy including hydrocarbons. Iran is a close ally and important economic partner of India,” said D.S. Rawat, secretary general of the Associated Chambers of Commerce and Industry (Assocham).

Despite the US and the EU sanctions on Iran, India’s trade and investment with Tehran are headed for an upsurge, the trade body predicts.

“The potential of trade and economic relations between the two countries can touch the level of $30 billion by 2015 from the current level of $13.7 billion dollars in 2010-11,” said Rawat.

Israel has blamed Iran for the terror attack on an Israeli embassy vehicle Monday which injured four people, including Tal Yehoshua (40), wife of the Israeli defence attache. Iran has denied the charges.

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