If we listened to a recent news, then it is a good news for the Indian Textile Exporters, as both countries are about to reach an agreement wherein Iran would import Indian textile worth US $ 400 million and in return India will get oil from Iran of the same amount. Which will directly help Indian in reducing its total trade deficit with Iran which at present is about US$ 8 billion approximately.

The textile secratary of India Mrs Johra Chatterjee with a high level delegation visited Iran with an aim of increasing total Indian textile export to Islamic countries. This barter exchange trade will benefit both countries and would help develop strong relationship between the both nations.

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Nice move.