India, April 19 -- The All India Association of Industries and World Trade Center Mumbai, in a significant and welcome development for global trade and energy security, welcome the recent announcement by the Iranian Ports and Maritime Organisation regarding the reopening of the Strait of Hormuz for commercial navigation during the ongoing ceasefire period.

Dr Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, World Trade Center Mumbai, said, we welcome the recent announcement by the Iranian Ports and Maritime Organization regarding the reopening of the Strait of Hormuz for commercial navigation during the ongoing ceasefire period.

This timely and constructive development is a positive step towards restor...