RISING SUN
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India to set up urea factory in Iran
India will be setting up a urea factory in Iran. The gas-based plant is proposed to be built in Chabahar. New Delhi has also agreed to provide Tehran with additional financial aid to develop the Chabahar port. Importantly, the Indian government wants this plant to be ready within few months.
Indias increased engagement in Iran is in total disregard to the US led economic sanctions.
There is a big shortage of natural gas in India. Many gas-based fertilizer plants are functioning at reduced capacity. Every year India imports 20 to 30% of its urea requirement. From Iran itself 1.6 million tonnes urea was imported last year.
The move is also seen as a rebuff by New Delhi to the western powers.
New Delhi is putting in investments in various infrastructure and other developmental projects with a view to challenge Beijings growing influence in the region.
Pakistans Gwadar port which is less than a 100 kilometers from Iran's Chabhar port is almost taken over by the Chinese. One part of the port is going to be a naval base and that will give the Chinese a huge presence in the region.
India will soon be looking for a joint venture partner in Iran. The price of the gas for the new plant also needs to be negotiated.
The subject is likely to be discussed during Indian foreign minister Salman Khurshids visit to Tehran next month.
Analysts say India is making its priorities clear .It will do whatever it takes to ensure that sanctions imposed by western nations on Iran will in no way affect its energy requirements.
PressTV - India to set up urea factory in Iran
Good news & welcome step also. But why to write in such a way that infuriates other party even if you don't want to. We should work for peace & development.
India will be setting up a urea factory in Iran. The gas-based plant is proposed to be built in Chabahar. New Delhi has also agreed to provide Tehran with additional financial aid to develop the Chabahar port. Importantly, the Indian government wants this plant to be ready within few months.
Indias increased engagement in Iran is in total disregard to the US led economic sanctions.
There is a big shortage of natural gas in India. Many gas-based fertilizer plants are functioning at reduced capacity. Every year India imports 20 to 30% of its urea requirement. From Iran itself 1.6 million tonnes urea was imported last year.
The move is also seen as a rebuff by New Delhi to the western powers.
New Delhi is putting in investments in various infrastructure and other developmental projects with a view to challenge Beijings growing influence in the region.
Pakistans Gwadar port which is less than a 100 kilometers from Iran's Chabhar port is almost taken over by the Chinese. One part of the port is going to be a naval base and that will give the Chinese a huge presence in the region.
India will soon be looking for a joint venture partner in Iran. The price of the gas for the new plant also needs to be negotiated.
The subject is likely to be discussed during Indian foreign minister Salman Khurshids visit to Tehran next month.
Analysts say India is making its priorities clear .It will do whatever it takes to ensure that sanctions imposed by western nations on Iran will in no way affect its energy requirements.
PressTV - India to set up urea factory in Iran
Good news & welcome step also. But why to write in such a way that infuriates other party even if you don't want to. We should work for peace & development.