Iran

India and Iran share commercial ties that have traditionally been dominated by Iranian crude oil imports, and now includes consolidating economic cooperation, including Chabahar

Third largest supplier of crude oil to India

Trilateral Transit Agreement (Chabahar Agreement) signed by India, Iran and Afghanistan - expected to boost trade

India and Iran signed an MoU on cooperation in traditional systems of medicine

High-profile bilateral visits have bolstered cooperation in trade, finance, infrastructure and energy

US$ 1mn
FDI inflows from April 2000 to March 2021

US$ 1,914.47mn

bilateral trade value for 2021-2022

4,337
Overseas Indians living in Iran

2nd

highest gas reserves and gas exports in the world

9.3%

of world’s proven oil reserves owned by Iran

Oil & gas

62 onshore oil fields, 16 offshore oil fields, 20 onshore gas fields, and 2 offshore gas fields currently operational in Iran

22,000km

of national gas pipeline in Iran; one of the world's biggest networks

Minerals

Abundant resources such as zinc, iron, copper, lead, coal, uranium, chromate and manganese

India-Iran Bilateral Relations

A summary of the bilateral engagement between India and Iran.

India Iran Joint Committee Meeting 2019

India and Iran reviewed and positively assessed progress in bilateral cooperation in domains including connectivity, trade and commerce.

India Iran and Afghanistan on Chabahar 2019

The meeting served as a Follow-up to the discussions between India, Afghanistan and Iran regarding the Chabahar Agreement.

India Iran MoUs/ Agreements, 2018

MoUs/Agreements signed during the visit of President of Iran to India

Bilateral Defence Talks between the Ministers of Defence

India's Minister of Defence, Brigadier General Amir Hatami, Minister of Defence and Armed Forces Logistics conducted discussions on bilateral defence and the security situation in Afghanistan.

India's Exports and Imports to Iran

Source: Department of Commerce

Dated: 30/01/2023
Values in US $ Millions

Country / Region: IRAN

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	2,652.37	3,511.01	3,373.62	1,774.69	1,451.09
2.	%Growth		32.37	-3.91	-47.40	-18.23
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.87	1.06	1.08	0.61	0.34
6.	IMPORT	11,111.52	13,525.64	1,397.33	331.48	463.38
7.	%Growth		21.73	-89.67	-76.28	39.79
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	2.39	2.63	0.29	0.08	0.08
11.	TOTAL TRADE	13,763.89	17,036.65	4,770.95	2,106.17	1,914.47
12.	%Growth		23.78	-72.00	-55.85	-9.10
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	1.79	2.02	0.61	0.31	0.18
16.	TRADE BALANCE	-8,459.16	-10,014.63	1,976.29	1,443.20	987.70
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65

Organization for Investment and Economic and Technical Assistance of Iran

+98-21-3396-7075; 3990-2115

Visit Website

Tehran, Imam Khomeini Square (RA), Bab Homayon St., St. Asrafil St., Davar St. - Ministry of Economic Affairs and Finance - Organization for Investment, Economic and Technical Assistance of Iran - PO Box: 4618 / 11365

Embassy of India, Tehran

+98-21-8875-5104

Visit Website

22, Mir Emad Street (Corner of 9th alley),
Dr. Beheshti Avenue,
Tehran, Iran

Commercial Representative

+98-21-8873-5171

Visit Website

Opportunities

Agricultural exports

Carcasses/half-carcasses of sheep (excl. lamb), fresh/chilled (020421)
Meat of bovine animals, frozen, boneless (020230)

agriexchange.apeda.gov.in

Maize (corn), other than seed (100590)
Other barley excl seed (100390)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)

agriexchange.apeda.gov.in

Butter (040510)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)

agriexchange.apeda.gov.in

Cane sugar specified in subheading note 2 to this chapter: (170113)
Plantains: frsh or dried (080310)
Vegetable seeds, of a kind used for sowing (120991)

agriexchange.apeda.gov.in

Chickpeas (garbanzos), dried, shelled, whether or not skinned/split (071320)
Kidney beans, incl. white pea beans (phaseolus vulgaris), dried, shelled, w … (071333)

agriexchange.apeda.gov.in

Lentils, dried, shelled, whether or not skinned/split (071340)

agriexchange.apeda.gov.in

Employment Opportunities

*Information subject to changes amid the global COVID-19 pandemic.

Iran attracts foreign workers in the hydrocarbon, agriculture and service sectors. An expat planning to work in Iran will need a business (entry) visa, as well as a letter from employment sponsor in Iran. Visas have to be approved by the Ministry of Foreign Affairs (MFA) in Tehran.

The Indian Community in Iran comprises of around 4,337 Indian nationals. There are approximately 2,800 Indian nationals undergoing theological studies in Qom, Mashhad and Esfahan. It may be noted that currently there is no bilateral MoU on exchange of laborers/workers between Iran and India, and language barriers can pose an obstacle.

More Info: eVisa-Ministry of Foreign Affairs Ministry of Foreign Affairs Employment of Foreign Nationals in Iran

Farming, fisheries, dairy, animal husbandry

The agricultural sector in Iran makes up 20% of the national GDP, employing 33% of total workforce. Iran’s agriculture sector draws innovation and manpower from foreign sources in efforts to make the country sustainable in farming.

Ministry of Agriculture Employment Visa

Doctors, nurses, radiologists, lab technicians

The healthcare sector in Iran was worth over US$33 billion in 2015. Iran attracts foreign healthcare workers ranging from doctors to nurses and lab technicians.

Ministry of Health and Medical Education Employment Visa

Software, hardware, new technology in telecoms and communications

The ICT sector in Iran is expected to record rapid growth owing to an encouraging mix of demographic and economic factors. The IT and ICT infrastructure in Iran has been set up and is supported by foreign workers.

Information and Communications Technology Ministry Employment Visa

Automobile to food products production

Steel, weaving, food processing, car, electrical and electronics, among others, represent the leading industries in the country. The manufacturing industry in Iran, covering a range of products, draws foreign manpower.

Ministry of Industry, Mine & Trade Employment Visa

Upstream oil and gas sector staffing

Iran has the second largest natural gas deposit in the world, with great potential for resources development. Iran’s oil and gas exploration sector is a major employer and strength for the economy.

Ministry of Petroleum Employment Visa

Faculty positions up to uninversity

There are more than 50 universities and institutes of higher education across Iran. The education sector in Iran, ranging from schools to universities draw foreign teaching staff from different disciplines.

Ministry of Education Employment Visa