Thursday, January 13, 2005

Iran cosying up to India a little more

We have had a lot of reports of late on Iran wooing the Indian oil and gas market. This new development puts some of that wooing in perspective and also fits in nicely into Aiyar's petro-diplomacy on the Asian stage.

Iran is now trying to get Indian manufacturing expertise invested in Iran. There has been a recent drive by the Iranian Government to reduce dependence on the oil sector alone and this move should be a direct consequnce of that drive.

Apparently the payback for Indian Industry would be in the form of more investment opportunities in the oil and infrastructure sector in Iran, suggesting a win-win situation for both.