Dixon Tech and Vivo Joint Venture Plans Completion in Two Months, Revenue Expected from Third Quarter

The stock market contains many multibagger stocks; some have allowed investors to quickly gain significant profits, while others have provided the opportunity to become millionaires by investing a small amount over 10–15 years. One such example is the stock of Navin Fluorine International Limited, which enabled those who invested only 100,000 rupees to enter the list of millionaires.

The significant growth in the value of the chemical giant Navin Fluorine demonstrates the multiple returns achieved by investors. An analysis of this asset's trajectory since August 2013 shows that on August 8, 2013, the share price was 33.99 rupees, whereas as of the close of trading last Friday, its value reached 8230 rupees, despite a noticeable decline. Over this period, the price of Navin Fluorine shares grew by 8196 rupees, providing investors with a return of 24113%.

Calculating the investors' profit based on this return of over 24,000%, it can be concluded that if an investor had invested only 100,000 rupees at the price of 33.99 rupees on August 8, 2013, and held that position, their initial sum could have grown to 242,130,000 rupees, effectively making them a millionaire.

In addition to long-term growth, Navin Fluorine International shares have demonstrated a doubling of investor capital in just the last five years, regardless of stock market fluctuations. Over the five-year period, investors achieved an impressive return of 121%, and the share price increased by 4501 rupees. In the last year, the price grew by 71%, and in six months—by 25%.

Despite volatility over the past week, the share price rose by 7.20% over five trading days, increasing by 553 rupees. On Friday, the last day of the week, Navin Fluorine Share closed with a significant drop of 4.86% at 8230 rupees. The company's market capitalization is 42,430 crore rupees, and the 52-week high reached 8775.50 rupees.

The Director General of the Readiness and Support Department for Trade Promotion of the Iranian organization emphasized that the continuity and resilience of goods transit routes are one of the key requirements of international trade in light of geopolitical changes and global crises.

According to the Public Relations Department of the Iranian organization's Trade Promotion, Seyed Ali Emami noted that countries' focus in the past was on increasing competitiveness and improving access of goods to international markets. However, events such as the coronavirus pandemic and international wars have changed the priorities and approaches of world trade.

This official representative of the Iranian organization's Trade Promotion specified that simply having a competitive product in the target market is not enough. The priority has now become ensuring the movement of cargo and goods under any circumstances, i.e., sustainable delivery to the destination market. In this regard, the world economy is moving towards creating and strengthening alternative routes, corridors, and diverse transport networks.

According to Emami, in case of a failure on one of the transport routes, especially maritime ones, there must be the possibility of using alternative land and road routes so that the flow of goods does not stop and products reach the target markets in a timely manner.

The Director General of the Readiness and Support Department for Trade Promotion of the Iranian organization, referring to the significant share of maritime transport in global trade, stated that although most freight is transported by sea, land and road routes account for a smaller share. Nevertheless, recent events have shown that developing alternative routes and strengthening transport corridors can significantly increase supply chain resilience and trade stability.

He stressed the need to reduce costs for road transport and create appropriate incentives to increase the use of these routes. It was noted that tests and analysis of various routes are currently underway, and efforts are being made to create conditions for alternative routes to become a more active path through the implementation of necessary measures and infrastructure objects.

Emami also touched upon the country's export figures, reporting a significant growth in exports in this sector despite a decrease in transit volumes and goods outflow, which requires study and the adoption of appropriate decisions to eliminate obstacles and strengthen this sector.

In conclusion, the Director General of the Readiness and Support Department for Trade Promotion of the Iranian organization considered the development of transport infrastructure, diversification of goods movement routes, and strengthening of alternative corridors to be fundamental requirements for ensuring the continuity of foreign trade and increasing the resilience of the country's supply chains in changing global economic conditions.

A meeting was held in Tehran where Samad Hassanzadeh, head of the Iranian Chamber of Commerce and Industry, discussed with the Uzbek ambassador the importance of accelerating and facilitating the transit of Iranian goods through Uzbekistan. He noted that one of the serious requests from Uzbekistan is the abolition of the visa regime and the simplification of movement between the two states, especially for Iranian traders.

The Uzbek ambassador in Tehran visited the Chamber to plan an Iranian-Uzbek business conference and explore ways to expand bilateral relations to the level of two billion dollars. He met with the head and deputy head of the Iranian Chamber of Commerce and Industry.

At the beginning of the meeting, Samad Hassanzadeh expressed gratitude to Uzbekistan for its support and for sending medical and pharmaceutical supplies to Iran during the Ramadan War period. He emphasized that the people and government of Iran will not forget this act.

Hassanzadeh continued, stating that the current volume of relations between Iran and Uzbekistan is insufficient, and it is necessary to work together to increase exchanges between the two countries.

The Chamber's head referred to the memorandum of understanding aimed at strengthening comprehensive cooperation between Iran and Uzbekistan until 2027 and increasing trade volume to two billion dollars. He added that difficulties arose due to the 12-day and 40-day wars, as well as the maritime blockade of Iran. In this regard, he asked Uzbekistan to take measures to facilitate road transport and speed up the transit route for Iranian goods through Uzbekistan.

The Chamber's head specifically highlighted that the 17th Joint Iranian-Uzbek Commission and Business Conference focused on simplifying visa issuance for Iranian economic figures. It was noted that Iran unilaterally abolished the issuance of visas for residents of Uzbekistan, and the hope is that the government of Uzbekistan will make a similar decision so that Iranian economic figures can travel to Uzbekistan more easily.

He pointed to Iran's potential in technical and engineering services and reported that both sides had previously agreed to establish a joint investment fund. Furthermore, economic figures from the two countries are currently negotiating 29 joint projects in the fields of technical and engineering services, water supply, and sewerage. Given Iran's capabilities in these areas, he requested the necessary support for establishing this fund, stating Iran's full readiness.

Hassanzadeh stressed readiness for closer cooperation in mining, technical and engineering services, agricultural machinery, construction materials, and other fields. He also noted that Iran has good opportunities in the field of power plant equipment, renewable energy infrastructure supply, petrochemical products, and so on, which only requires management and planning.

The Chamber's head also proposed joint investments with the Uzbek side in the construction of textile factories, steel mills, and greenhouses.

Subsequently, Hossein Pirmoazzen, deputy head of the Iranian Chamber of Commerce and Industry, addressed the topic of potential joint cooperation in the agricultural sector between Iran and Uzbekistan. Discussing greenhouse construction and aquafarming, as well as reached agreements, he stated that both countries have made progress in seed production and hydroponic greenhouse equipment, and specific seeds are produced in both countries. In line with this production, cooperation is possible in the exchange of seeds, fertilizers, and necessary equipment.

Afterward, Fariddin Nasриев, the Uzbek ambassador in Tehran, spoke about the importance of resolving disputes based on international principles while preserving the interests of the states. He then discussed the economic situation of Uzbekistan and strengthening trade ties with target countries.

According to him, the two-billion-dollar trade goal is set between Iran and Uzbekistan, and it is necessary to plan its achievement. In this context, holding a business conference in Iran is one of the effective ways for the economic figures of the two countries to get acquainted.

Nasриев emphasized the significance of personal meetings between the economic figures of the two countries and added that issues of cooperation and transport infrastructure between the parties were discussed. He expressed interest in having facilities in Bandar Abbas. He acknowledged existing misunderstandings in this area that need to be resolved. Last year, the number of Uzbek transit trucks passing through Iran was less than the number of Iranian trucks passing through Uzbekistan due to high Iranian tariffs. Therefore, he asked for these tariffs to be lowered.

The Uzbek ambassador in Tehran stated his readiness to purchase oil and its derivatives from Iran. He also talked about agricultural issues and the possibility of exporting fiber, cotton yarn, and fabric to Iran.

Speaking about the export of textile products from Uzbekistan to other countries, he noted that many world-renowned brands in the textile industry have opened factories in Uzbekistan and conduct extensive activities.

Regarding the production of agricultural products such as vegetables, fruits, and fresh produce, Nasриев stated that, given the harvest season, Iran and Uzbekistan are not competitors but rather complement each other.

The Uzbek ambassador in Tehran informed that the government of Uzbekistan is ready to provide land in free trade zones to Iranian economic figures.