Business News: India on a tightrope as traders head to Iran

A major Indian trade delegation headed to Iran on Friday to explore "huge" commercial opportunities created by US-led sanctions against the Islamic republic over its disputed nuclear plans.
 
The mission sees India walking a diplomatic tightrope as it seeks more business from Iran while managing a growing partnership with the United States and maintaining good relations with Israel, a key arms supplier.
 
US lawmakers and pro-Israel groups have accused New Delhi of undermining American and European efforts to isolate Tehran and force it to abandon its nuclear programme.
 
An attack that severely injured an Israeli diplomat in New Delhi last month -- blamed by Israel on Iran -- has further complicated matters.
 
The trade team will be in Iran until March 14 and expects "a lot of business" from the trip, said Anand Seth, spokesman for the government-backed Federation of Indian Export Organisations, which is leading the delegation.
 
"It's a big market for Indian exporters," Seth told AFP.


read more @ http://www.ndtv.com/article/india/india-on-a-tightrope-as-traders-head-to-iran-184378

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