New Delhi : The largest domestic shipliner, Shipping Corporation of India (SCI), on Tuesday said it has held discussions for reviving the joint venture with Islamic Republic of Iran Shipping Lines (IRISL).
It said the discussions were held post lifting of the sanctions against the Islamic nation. “SCI and Islamic Republic of Iran Shipping Lines (IRISL), shareholders in the JV, have held discussions about feasibility of revival of operations by the JV, in view of lifting of the sanctions imposed on Iran,” it said in a regulatory filing to BSE on Tuesday.The four-decade old JV has been lying dormant.SCI said, “Pursuant to the joint comprehensive plan of action agreement between Iran and 5+1 group of countries, sanctions imposed on Iran were lifted in December 2015.”Following the agreement, the UN and the EU have lifted the sanctions imposed on Iran.
