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From : Parag Gautam Anoop Goel(GL) Deepak arora Vivek saini Sunny Gambhir Hardik kapoor
IRAN
1% of the worlds population, 7% of the worlds natural reserves including -10% of the global proven oil reserves -16% of the worlds natural gas resources. 130 b barrel oil (17 billion tons) 27 trillion cm gas which means $3000 billions
IPI
IPI passed through three phases: Phase One: Energy security & Indo Pak differences. Phase Two: Energy Security and Peace dividend. Phase Three: Strategic returns/constraints and energy security.
Demand-supply gap
If one looks at India's exports to Iran, one finds that India's major items of export included drugs, pharmaceuticals & fine chemicals iron ore, machinery & instruments and rice other than basmati, inorganiclorganic, agro chemicals manufactures of metals miscellaneous processed items and other cereals including wheatmeat & preparations; oil meals; tea and processed m inerals. So far as India's imports from Iran are concerned apart from the major item i.e. petroleum and petroleum products, other impbrtant items include organic chemicals, fruits & nuts excluding cashew nuts, inorganic chemicals, iron & steel, etc
CURRENT SITUATION
Relations between India and Iran are far-reaching and multi-dimensional. The two states have recognized that they have a lot to offer one another and have acted to expand cooperation in a number of key areas. Energy Security Political & Strategic Considerations Counterterrorism and Regional Stability Defense Cooperation
POTENTIAL BARRIERS
NO INDEPENDENT FOREIGN TRADE POLICY. USA ITSELF IS A MAJOR HURDLE. If the United States reaches a point at which it will engage Iran in some capacity, India could provide a helpful role. New Delhis close relationship with Iran, the United States, and Israel puts it in a unique position as a potential intermediary, similar to Chinas role in the Six Party Talks with North Korea
Communication gap. Gas Industry Yet To Develop. Foreign Investment. Political Instability.
RECOMMENDATIONS
Given that New Delhi is unlikely to totally sacrifice its energy and strategic interests with Tehran for its relationship with Washington, the United States should also adopt a more nuanced foreign policy towards India. The United States should therefore pursue the following policy priorities: Refrain from publicly expressing disapproval of Indo-Iranian ties except in areas that directly impact U.S. security, such as Irans nuclear and military expertise and concrete defense enhancements. Such prioritizing takes into account Indias national interests and independence but at the same time fulfills principal U.S. objectives. Explore the possibility of using India as a mediator between Washington and Tehranin relation to the nuclear question. Doing so would convey to New Delhi that Washington genuinely considers India a rising power with a role to play in international affairs, a recognition New Delhi has sought to secure.
Conclusions:
Irans Foreign policy is facing serious challenges during Irans 20-Year Perspective. Most of challenges are related to Iranian borders with its neighbors. Energy demand and supply equilibrium has dramatic impacts on Iran. United States different approaches to Iran will change Irans destiny. Looking to East is one option for Iran
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