Sanctions-hit Iran may grant licences to Indian banks

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ENS Economic Bureau Tags : Posted: Wednesday, Mar 05, 2008 at 2341 hrs

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Representatives of pharma and textiles industries showed interest to invest in the Islamic state. A pharma firm representative, on the condition of anonymity, said that the margins on exporting drugs to Iran is substantial. However, he also complained about the roadblocks in the form of too high anti-dumping duty.

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