A senior Iranian petrochemical official says India is a major market for Iran's petrochemical products given New Delhi's 7% economic growth.
He said Iran needs to be more careful about China as an export destination because the country has planned to launch major petrochemical and polymer projects on the one hand, and enjoys only 5% economic growth, lower than that of India.
Petrochemical consignments from Iran take 2 or 3 days to get to Indian destinations while the time is up to 45 days to them to reach Chinese territories, he added.
“The showcase was a good opportunity for marketing our petrochemical products in Asia and our stand sparked much interest among the fair’s visitors,” he said.
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