The Federation of Indian Chambers of Commerce and Industry (Ficci) has welcomed the UN Security Council resolution lifting economic sanctions against Iraq.
Ficci said the passage of the Resolution No.1483 (2003), lifting the 13-year old sanctions against Iraq, would lead to broad-based participation in the reconstruction of the war-ravaged country.
The resolution would also allow a six-month extension to the oil-for-food programme and thus facilitate the execution of pending export orders, the industry body said.
Also Read
Ficci proposes to send a delegation to the US to ensure that Indian contracts are executed within the extended period of six months.
Indian contracts worth Rs 1500 crore for items like food, medicines and other essential supplies have already been approved and funded.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app