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Iranian company to invest in Tajikistan’s nonferrous-metals industry

DUSHANBE, February 11, 2011, Asia-Plus  — Iranian investment company, Parsian Investment Co, intends to invest in launch of joint venture for producing nonferrous metals in Tajikistan, according to Tajikistan’s Chamber of Commerce and Industry (CCI).

The CCI source says the Iranian company has applied to Tajik CCI, asking for support for arranging contacts with potential partners in Tajikistan over the issue of launching the mentioned joint venture here.  “CCI has agreed to assist,” the source said.

On Wednesday February 9, the CCI head Said Sharif met with visiting delegation of Parsian Investment Co.  The delegation members included Said Ghasem Jaffarzade, lawyer, Ghasem Davoudi, technical consultant, and Faridoun Zeidabadi Nejad, member of the company board. 

The main objective of the meeting was in discussing opportunities of investing in nonferrous metal producers in Tajikistan and launch of joint venture here.  Representatives of Parsian Investment Co has applied to Tajik CCI for information about Tajikistan’s legislation regarding investment and preferences for foreign investors, the CCI press service said.   

Founded in 2004, Parsian Investment Co is a licensed unit of Parsian Bank, Iran’s largest private bank, headquartered in Tehran.  Established in February 2002 as a nongovernmental bank, Parsian Bank now has 174 branches across Iran, 104 of which are in Tehran. The bank entered the Tehran Stock Exchange in 2004.  In addition to traditional banking services, Parsian Bank also offers diversified services such as insurance and car rentals.

Some 150 enterprises with participation of Iranian capital now operate in Tajikistan. 

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