India

"India's Tata Motors is in talks with a local manufacturer here to set up a joint venture for assembling its petrol cars in Iran as it looks to tap the fast growing market that has just emerged from sanctions. Tata Motors is talking to Iran Khodro Company for a joint venture to assemble knocked down units of the petrol versions of its models, including the latest compact car Tiago, Bolt and Zest, which are powered by the company's new Revotron petrol engines, sources said here. Knocked down version of the cars will be imported and assembled at Iran Khodro's manufacturing facility after adding local contents like tyres and batteries. Tata Motors will use Iran Khodro's sales network to sell the cars. The branding will be of Tata Motors and Iran Khodro will be just a contract manufacturer, they said, adding that Tata Motors will start assembling in Iran in less than 2 years." (Press Trust of India, “Tata Motors in talks to set up car unit in Iran,” 5/22/2016)

"Danish drugmaker Novo Nordisk, the world's top insulin supplier, expects to be ahead of the pack now nuclear sanctions are lifted in Iran, thanks to a continuous presence and a pre-emptive investment plan. The country is an attractive target for Big Pharma seeking to sell new medicines to its large and growing population, but going in at ground level and securing good relations with authorities will be key, industry executives say... 'With the sanctions being lifted, we can operate more freely,' Jakob Riis, Novo's head of marketing told Reuters at the World Economic Forum in Davos, Switzerland. The Danish company has maintained a staff of around 130 in Iran through the sanctions era and it now plans to more than double that, adding 160 additional staff, following a decision in September to invest 70 million euros ($76 million) on a factory in the country. 'Novo has been there throughout. Now there are a lot of companies lining up to get into Iran and I think we are going to benefit from having been there for a while,' Riis said... Other drugmakers are actively pursuing the opportunity. 'It's a significant country,' said Christophe Weber, CEO of Takeda, Japan's biggest drugmaker. 'We have a team assessing the situation.' ... Also ahead of the curve, Indian generics maker Cipla set up a manufacturing plant in Iran in 2014." (Reuters, “Novo aims to be ahead of pharma pack with Iran investment,” 1/21/2016)

"As the speed and scale of Iran’s return to the global crude market shows signs of surprising oil analysts, one shipment from the Persian Gulf country that was meant to be a milestone cargo isn’t proving straightforward to shift. Iran shipped more than 2 million barrels a day in early April, according to ship-tracking data compiled by Bloomberg and the country’s own figures. Added to the amount the nation refines itself, that implies production is already close to pre-sanctions levels. But it hasn’t all proved plain sailing: a tanker that was supposed to be hauling one of the first post-sanctions cargoes has gotten stuck near Romania and it’s not clear exactly why. The Distya Akula, a 21-year-old vessel, still hasn’t unloaded its 1 million-barrel cargo and has been bobbing for weeks off the eastern European country’s coast, tracking data show. Shortly after the vessel left Iran at the start of February, its owner initially celebrated what could have been the very first cargo delivered to Europe since sanctions were lifted against Iran. The vessel’s owner at first said Litasco SA, a unit of Lukoil, had booked it. The shipping company also initially said the carrier would go to Constanta on Romania’s Black Sea coast, where Lukoil has a refinery. While that’s where the vessel has indeed ended up, the owner corrected its initial statement and said Litasco wasn’t the buyer and Constanta wasn’t the destination. Throughout its odyssey, Distya Akula has spent time waiting. It was near the southern entrance of Egypt’s Suez Canal for more than 30 days. Now it’s been near Romania for more than three weeks. Tehseen Chauhan, an external spokeswoman for Elektrans Shipping, the Mumbai-based owner, declined to comment on why the ship’s voyage has been longer than normal." (Bloomberg, “As Iran Ramps Crude Oil Sales, Landmark Cargo Proves Tough,” 4/29/2016)

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M.T. Distya Akula is the first Indian Suezmax tanker to load 130,000 mt of Iranian crude for Litasco, the trading arm of Russia's Lukoil three weeks after the removal of sanctions against Iran.  In partnership with Arya Industries (fronted by Shri Pawan Arya and Shri Puneet Arya) Gauri Ships - which is part of the Elektrans Group - co-owns and operates Distya Akula, Suezmax crude oil tanker.  With a crew complement of 24, she is flying the Indian flag. (Jan, 26, 2016)

According to publicly accessible ship-monitoring data, since January 1, 2016, vessels for which Arya is the Group Owner have called at Iranian ports on multiple occasions.

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“Distya Akula is the first Indian Suezmax tanker to load 130,000 mt of Iranian crude for Litasco, the trading arm of Russia's Lukoil three weeks after the removal of sanctions against Iran. Distya Akula, Sanskrit for ‘Fortune Transcendental’, has a deadweight tonnage of 150,000 tonnes. In partnership with Arya Industries (fronted by Shri Pawan Arya and Shri Puneet Arya) Gauri Ships - which is part of the Elektrans Group - co-owns and operates Distya Akula, Suezmax crude oil tanker.  With a crew complement of 24, she is flying the Indian flag.” (Business Standard, “MT Distya Akula: First Suezmax tanker to load Iranian crude oil post lifting of sanctions,” 2/10/2016)

HFCL is listed as an exhibitor at the Iran Telecom Innovations Conference that took place from September 25-28, 2016, in Tehran, Iran. (Iran Telecom Innovations Exhibitor List, 2016).

Birla Cable Ltd. (formerly known as Birla Ericsson Opticals Ltd.) is listed as one of the companies participating as an exhibitor at the Iran Telecom Innovations conference from September 25-28, 2016, in Tehran, Iran. (List of Exhibitors).
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Birla Ericsson Opticals is listed as an exhibitor at the Iran Telecom Innovations Conference that took place from September 25-28, 2016, in Tehran, Iran. (Iran Telecom Innovations Exhibitor List, 2016).

Finolex is listed as an exhibitor at the Iran Telecom Innovations Conference that took place from September 25-28, 2016, in Tehran, Iran. (Iran Telecom Innovations Exhibitor List, 2016).