Iran, India Sign MoU on Capital Market Cooperation

TEHRAN (FNA) - The Central Securities Depository of Iran (CSDI) and the National Securities Depository Limited (NSDL) of India signed a memorandum of understanding (MoU) on cooperation between the two countries’ capital markets on Monday.

Date: 01 June 2015 - 21:50

News ID: ۱۴۵۴۹

The MoU, signed during a ceremony on the sidelines of the World Forum of Central Securities Depositories (WFC) in Mexico City on Monday, covers mutual cooperation in vast areas such as training, manpower development, consultation and exchange of information.
CSDI has already signed MoUs with South Korea, Turkey, Pakistan and Indonesia on stock exchange cooperation.
National Securities Depository Limited (NSDL) is an Indian central securities depository based in Mumbai. It was established in 1996.
Iran and India which have deep historical and cultural relations are now seeking to further expand ties in various domains.
India, the world's fourth-largest petroleum consumer, is Iran's second largest oil customer after China and purchases around $12bln worth of Iranian crude every year, about 12 percent of its consumption.
Iran is a rich country in terms of natural resources, and India enjoys advanced agriculture and computer industry.
Combination of Iran and India capabilities and capacities can flourish both sides' economies.