Iran is the second largest economy in the Middle East and North Africa (MENA) region after Saudi Arabia, with an estimated Gross Domestic Product (GDP) in 2015 of US$393.7 billion. It also has the second largest population of the region after Egypt, with an estimated 78.8 million people in 2015. Iran’s economy is characterized by the hydrocarbon sector, agriculture and services sectors, and a noticeable state presence in manufacturing and financial services. Iran ranks second in the world in natural gas reserves and fourth in proven crude oil reserves.
Iranian authorities have adopted a comprehensive strategy encompassing market-based reforms as reflected in the government’s 20-year vision document and the sixth five-year development plan for the 2016-2021 period. On the economic front, the development plan envisages an annual economic growth rate of 8 percent and reforms of state-owned enterprises, the financial and banking sector, and the allocation and management of oil revenues among the main priorities of the government during the five-year period.
The economic sanctions on Iran have been completely lifted early this year, making Iran a much sought-after market for all the major global traders. Lifting of sanctions offers great opportunities for the Indian firms to sell their products in Iran and also to do business in collaboration with their Iranian counterparts. The economic sanctions in a way insulated Iran from the global economic slowdown, which adds to the existing opportunities of doing business with them.
The Islamic Republic of Iran shares its international borders with Turkey and Iraq in the west, Afghanistan and Pakistan in the East, Armenia, Azerbaijan, Russia, Kazakhstan and Turkmenistan in the North and Kuwait, Saudi Arabia, Qatar, Bahrain, United Arab Emirates and Oman in the South through Persian Gulf and Oman Sea. The location makes Iran uniquely positioned as a gateway to the emerging economies in the Middle East.
According to the UN Comtrade as reported in the ITC web site, India’s exports to Iran were to the tune of $3.13 billion in 2015. Exports of engineering goods constituted nearly 30% of total Indian exports to Iran in 2015. Exports of engineering goods to Iran in 2015 were $923.32 million. In 2013, share of the engineering sector was less than 15% in total Indian exports to Iran.
Iran imported $43.89 billion worth of goods in 2015, of which $21.23 billion, ie nearly 49%, were from the engineering sector.
Agricultural machineries and implements.
Auto Parts/ components for passenger and commercial vehicles
Castings and forgings
Electric motors, generators and transformers
Electricity distribution and control apparatus, and parts thereof
Engines and turbines and parts thereof
Hand and machine tools, parts and accessories thereof
Insulated wire and cable
Kitchenware of metal
Lifting and handling equipment and parts thereof
Food processing machinery and parts thereof
Machinery for metallurgy and parts thereof
Sugar mill machinery & equipment
Poultry farm equipment and supplies
Machinery for mining, quarrying and construction,
Medical and surgical equipment and orthopaedic appliances
Pharmaceutical machinery and parts
Metal fasteners, springs and miscellaneous articles made from metal wire
Motorcycles; parts and accessories thereof
Pumps, compressors, hydraulic and pneumatic power engines, and valves,
Rolled, drawn and folded products of iron and steel
Oil & Gas Related Products
Packaging machines and equipments
Tehran Hall, Boostan Goftegoo Exhibition & Conference Centre, Alidadi Ave., Nasr street, Jalale- Ale- Ahmad Highway, Tehran, Iran
1 – 3 February 2017, from 1000 hrs to 1700 hrs
Full payment is to be made by:
Demand draft favouring “EEPC INDIA” along with the duly filled out Application Form OR Pay through RTGS/NEFT in INR as per the following details:
|Name of Bank||HDFC BANK LTD.|
|Address of Bank||2/6, SARAT BOSE ROAD, KOLKATA – 700 020|
|Account Name||EEPC INDIA|
You can also pay online through the following payment gateways :
One side open built up booth: Rs. 16,000/- per sq. mtr. for stands of 9 sqm onwards
10% extra for two sides open booth (subject to availability) Due to limited availability of corner booths, allocation will be done on first-come-first-served basis subject to receiving full payment.
The participation charges will include the following:
1. 4 nights of hotel stay for one person per exhibiting company (to be allotted on first-come-first served basis);
2. Daily transfer from hotel to exhibition venue and back; and
3. Group transfer from international airport to the hotel for exhibitors arriving as groups
A special support for shipment of samples/ machines to a limited weight (subject to confirmation from adequate no. of participating members) will be extended to the participating members. Details will be shared in due course.
Standard Decoration & Fascia with Exhibitor’s name in English
1 Standard Information Counter
1 Discussion Table
3 Spot Lights
1 No. 15 Amp S/P Power Socket
Waste Paper Basket
Interested firms are requested to fill in the online Application Form latest by 23 December 2016 at the following link:
Exhibitor Application Form
Please go through the “Mode of Payment” section for payment details.
Application cannot be cancelled after 30th December 2016. Cancellation after this date would amount to 100% forfeiture of the participation charges paid.
Selection of participants will be done after receiving full payment strictly on first-come-first-served basis.