Iran keen to invest in AP's mining, agri & allied sectors

Iran is keen on working with Andhra Pradesh Government in various sectors including mining, marine and IT, according to Ali Akbar Nategh-Nouri, advisor to Iran's supreme leader.

Ali Akbar called on Andhra Pradesh chief minister N Chandrababu Naidu at Secretariat. While reflecting on the potential areas of collaboration between Iran and India, he said Iran is keen on working with the Government of Andhra Pradesh in mining, marine, agriculture, horticulture, petro-chemicals and IT, an official release stated.

"Bauxite has good demand in Iran," he was quoted as saying in the release. Explaining that Andhra Pradesh has a good mineral resource base, the CM said that AP stands at the top position in India in beach sands, Barytes and Granite, second in Limestone and Bauxite, apart from having large gas reserves in the Godavari region.

Naidu also briefed Ali Akbar on Gangavaram land-based LNG terminal and Kakinada FSRU LNG terminal while the latter inquired about India's FDI policy in mining and related sectors, as per the release.

Naidu further said that AP's Visakhapatnam-Kakinada Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) would be the longest in the country.

The CM extended an invitation on behalf of Andhra Pradesh to Ali Akbar to send a delegation from Iran to visit the state and explore potential investment opportunities.