A senior Iranian petrochemical official says India is a major market for Iran's petrochemical products given New Delhi's 7% economic growth.
Mehdi Sharifi Niknafs, managing director of Petrochemical Commercial Company, said the company participated in P4 Expo India, 5-8 April 2016, adding that India is seen by Iran as its biggest market for petrochemical exports after China in the region.
He said Iran needs to be more careful about China, as an export destination because the country has planned to launch major petrochemical and polymer projects on the one hand, and enjoys only 5% economic growth, lower than that of India.
"Regarding India's faster development, the country can replace China as a major customer for Iran's petrochemical productions," he added.
Petrochemical consignments from Iran take 2 or 3 days to get to Indian destinations while the time is up to 45 days to them to reach Chinese territories, he added.
During P4 Expo, Iranian exhibitors presented their latest achievements in plastics and polymer industries, he said.
"The showcase was a good opportunity for marketing our petrochemical products in Asia and our stand sparked much interest among the fair's visitors," he said.
P4 Expo India offers a platform for both Indian and international companies to showcase their expertise, products, and technology innovations. Spread across several thousand sq. mt, P4 Expo brings together the entire value chain of petrochemical, plastics, packaging and printing industries under one roof and throw open the best networking opportunities for exhibitors and visitors alike.