The Prime Minister of India on his recent trip to Iran, announced a full range of our bilateral engagement between the two countries. PM Modi’s visit is the first by an Indian Prime Minister in 15 years.
The outcomes and agreements signed between two countries opened a new chapter in strategic partnership and broad based economic ties.
Expanded trade ties, deeper connectivity, including Railways partnerships in oil and gas sector fertilisers education and cultural sphere were some of the important areas that were discussed for economic engagement.
An important milestone during the visit has been a bilateral agreement to develop the Chahbahar port and related infrastructure, and availability of about US$ 500 million from India for this purpose. The effort focuses to boost economic growth in the region.
Chabahar is the first foreign port in which India is involved to this extent. The port in the Gulf of Oman on Iran’s southern coast with Afghanistan will allow India to bypass Pakistan to transport goods to Afghanistan and central Asia using a sea-land route.
Source: Press Information Bureau / NDTV