India, Untapped Market for Iran Petchem Products

A senior Iranian petrochemical official says India is a major market for Iran's petrochemical products given New Delhi's 7% economic growth.

Mehdi Sharifi Niknafs, managing director of Petrochemical Commercial Company, told Shana that the company participated in P4 Expo India, 5-8 April 2016, adding that India is seen by Iran as its biggest market for petrochemical exports after China in the region.

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.

“Regarding India’s faster development, the country can replace China as a major customer for Iran’s petrochemical productions,” he added.

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.

During P4 Expo, Iranian exhibitors presented their latest achievements in plastics and polymer industries, he said.

“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.

P4 Expo India offers a platform for both Indian and international companies to showcase their expertise, products, and technology innovations. Spread across several thousand sq. mt, P4 Expo brings together the entire value chain of petrochemical, plastics, packaging and printing industries under one roof and throw open the best networking opportunities for exhibitors and visitors alike.
Golrokh Askarieh

Recent Posts

PA says US support behind Israel’s disregard for warnings against Rafah invasion

The Palestinian Authority  (PA) has blamed the US bias for Israel’s disregard for growing opposition…

3 hours ago

IRGC cmdr.: Iran used 20% of what prepared to respond to bombing of embassy by Israel

The aerospace commander of Iran’s Islamic Revolution Guard Corps (IRGC) says during the recent Operation…

4 hours ago

US claims Russia ties embolden North Korea

US Secretary of Defense Lloyd Austin has raised the alarm over North Korea’s increasing strategic…

7 hours ago

Iran says has not barred IAEA inspectors

The head of Iran’s atomic agency says the country is cooperating with the inspectors from…

7 hours ago

Blinken ceasefire comments meant to acquit Israel: Hamas official

Senior Hamas official Sami Abu Zuhri stated that US Secretary of State Antony Blinken's comments…

10 hours ago

Iran Leader: Gaza first issue of world

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says Gaza has now turned…

10 hours ago