“Those who are already dealing with America do not want to do business with Iran,” said one Indian industrialist who did not want to be identified.
A senior South Block official echoed that, saying “individual companies would have to take their own call due to US sanctions on Iran and how that would affect them”.
“But there are a lot of complementarities in our economies and it is not as if our political relations are not doing well,” the official said. “Things can’t be perfect and there will always be minor issues with most countries but that doesn’t mean we don’t do business with them.”
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