Iran, India expand ties in the field of vehicle industry

President of Industrial Development and Renovation Organization of Iran (IDRO) Majid Hedayat discussed on Monday with Indian Ambassador to Tehran D.P. Seroastava ways to develop Iran’s industrial cooperation with Indian investors. They negotiated on industrial issues such as vehicle manufacturing, oil, gas and green fuels. Hedayat expressed IDRO’s readiness as a joint private and state run company to prepare the ground for cooperation of Indian investors with their Iranian counterparts in the field of developing eco-technology, generating new energy, liquidation of gas, construction of vessels and manufacturing oil and gas industry equipment. He said that Iran and India can jointly work on designing and manufacturing vehicles and their spare parts to meet the two countries markets demands. Seroastava said India is ready to implement the industrial agreements already signed between the two countries' industrial sectors. He said that Iran is the most advanced Islamic country adding that IDRO can pave the ways for implementing the signed agreements and cooperation in all fields of mutual interests. The Indian ambassador said India manufactures 14 brands of world famous vehicles and can cooperate with Iran in the field.