India To Supply Iran with 150,000 Tons of Standard Rail Tracks for 15,000 km Rail Line worth $233mn

[Guynextdoor2]

why preferential prices? How would you circumvent US sanctions?

 

[OTTOMAN]

Is this not open violation of US embargo?

 

[21 Dec 2012]

Why can't Iran make such basic and simple stuff at home?

 

[Aramagedon]

@2800 @Serpentine @haman10

Good news eh

It is good that Iran and India have very good ties. But to be honest I prefer Iranian companies rather than any foreign country companies. Our new government (Rouhani) do not care much about Iranian companies. I don't hate Rouhani government but I think previous government was better in this matter. Anyway long live Iran India relationship...

 

[Sam.]

It is good that Iran and India have very good ties. But to be honest I prefer Iranian companies rather than any foreign country companies. Our new government (Rouhani) do not care much about Iranian companies. I don't hate Rouhani government but I think previous government was better in this matter. Anyway long live Iran India relationship...

Go for joint ventures with Indians companies

 

[SOHEIL]

Why can't Iran make such basic and simple stuff at home?

It's not about capability !

It's all about business ...

 

[Jai_Hind]

^^ First troll of the thread award...

On Topic- Another acheivement for Indo-Iranian relations

 

[[Bregs]]

It's not about capability !

It's all about business ...

This deal has been done for trade sake only so that Iranian money in Indian banks can be used

 

[Echo_419]

It is good that Iran and India have very good ties. But to be honest I prefer Iranian companies rather than any foreign country companies. Our new government (Rouhani) do not care much about Iranian companies. I don't hate Rouhani government but I think previous government was better in this matter. Anyway long live Iran India relationship...

If not steel some other thing would have been imported a lot of your money us bottled up here & the this seems the only way of paying you for your oil

Comparing Iran to the likes of Iraq and saudi arabia is like comparing Germany to zimbabwe.
Iran is a country that has space program and is in top ranked nations when it comes to such things nanotech, stem cells, neuroscience, cloning and many more.
Iranian MAPNA company is in top ten of the planet in its sector, gas turbine manufacturing and they also manufacture rail related products such as locomotive and rail tracks and it is only one of companies manufacturing such things. Saudi arabia is probably an entire century away from having a company like MAPNA.

Before spouting nonsense in the thread, do a little research.

This move by India is a political move and one which they did in order to pay Iran as they cannot do so via bank transfer. The Indians have also invested in Iran rail sector and they're welcome to do so as any investment is welcome.

Exactly this is not a capability issue but a political one.Iran can manufacture its own tracks anytime it wants

 

[The Last of us]

If not steel some other thing would have been imported a lot of your money us bottled up here & the this seems the only way of paying you for your oil



Exactly this is not a capability issue but a political one.Iran can manufacture its own tracks anytime it wants

Iran has ambitious projects for its rail systems. It is always a good boost when outside nations decide to invest and aid in those projects. At the same time, it improves the relations of those nations. For example, the whole chahbahar project once completed will bring immense benefit to Iran, India, Afghanistan and will take Iran-India relations to complete new heights

 

[kaku1]

India to finance Iran rail tracks exports

Officials in Tehran announced on Saturday that India will finance exporting about 150,000 tons of standard rail tracks to Iran.​

Saeid Mohammadzadeh, the deputy director for technical and infrastructure affairs of Iran Railways (IRIR), told the local media that India has created a special mechanism to support exports of rail tracks to Iran through the “full finance” scheme.

Mohammadzadeh added that Iran will not pay anything for the imports of the tracks.

Last year, India signed a contract worth $233 million with Iran for exports of rail tracks by companies including Steel Authority of India (SAIL).

Based on the original contract, the Indian companies would provide Iran with enough standard rail tracks to set up a network project spanning over 15,000 kilometers.

It is still not clear if the finance mechanism that Mohammadzadeh has mentioned involves the deal with the SAIL-led group.

Officials in Tehran have already emphasized that Iran wants to spend up to $8 billion over the next six years to revamp and expand its railway network.

To the same effect, they have emphasized that the country will need about 3 million tons of steel rails to connect all major cities, industrial centers and also ports for faster evacuation of goods.

Analysts are already speculating that the Indian government may reimburse steel exports to Iran through Iran’s assets that have been frozen in New Delhi banks as the result of the US-led sanctions against the country.

Indian media had previously reported that Indian exporters are banking on the United Commercial Bank or the UCO Bank to settle rupee payments with Iran.

Reports last April said UCO Bank began handling payments for India-Iran trade in 2012, under which domestic oil refiners buy oil from Iran but make payments into an ‘Iran Account’ with UCO’s Mumbai branch. When Iranians import goods from India, the bank pays the Indian exporters out of this account.

Source:- PressTV-India to finance Iran rail tracks exports

Maybe this is already finalized

 

[livingdead]

Another achievement (Import) from tadbir government!
Guess I have to celebrate it too!

we need to pay back the money for the oil purchased and because such exchange is difficult, we have to find ways to pay back with goods we produce..
it does not mean iran does not have capability to produce such goods.

 

[Chanakya's_Chant]

Maybe this is already finalized

Not sure - though there were discussions concerning NSTC in PM's ongoing five-nation tour to Central Asia but nothing concrete as of now - Turkmenistan has been offered a membership of the International North South Transport Corridor. I don't think the NSTC would materialize anytime soon or in the near future. TAPI is right now in focus has made significant progress all these years.

This deal has little to do with NSTC - it was signed last year and is materializing now owing to payment of Iranian oil imported.

SAIL to ink pact with Iran for supplying railway tracks | The Indian Express

 

[Aramagedon]

If not steel some other thing would have been imported a lot of your money us bottled up here & the this seems the only way of paying you for your oil



Exactly this is not a capability issue but a political one.Iran can manufacture its own tracks anytime it wants

That's true. India has much liability to pay Iran due to sanctions and one way to pay them off is do some bussines in Iran.
I think problem of Iranians at this time is lack of budget not disability to build railways!
Iranian companies build dams, highways, tunnels, massive constructions in many foreign countries like Iraq, Afghanistan, Tajikistan, Lebanon, Syria, Oman, Armenia, Azerbaijan and Kazakhstan.
Here is list of some of massive Iranian companies:

Iran Building Construction Material,Equipment companies


Iranian steel products:

Iran steel production

 

[kaku1]

Not sure - though there were discussions concerning NSTC in PM's ongoing five-nation tour to Central Asia but nothing concrete as of now - Turkmenistan has been offered a membership of the International North South Transport Corridor. I don't think the NSTC would materialize anytime soon or in the near future. TAPI is right now in focus has made significant progress all these years.

This deal has little to do with NSTC - it was signed last year and is materializing now owing to payment of Iranian oil imported.

SAIL to ink pact with Iran for supplying railway tracks | The Indian Express

Nothing to worry, first we need railway lines in Iran itself, thats the major leg of whole project.

From there we can shift to Turkey and go inside europe for our goods, or to russia.

But the most important thing is railways from Chabahar or Bandar Abbas