India's Modi in Iran on trip to boost trade

He will meet both President Hassan Rouhani and the Islamic republic's supreme leader Ayatollah Ali Khamenei on Monday

Afp May 22, 2016
File photo of India's Prime Minister Narendra Modi gesturing while disembarking from his plane after arriving at Ottawa International Airport, Canada. PHOTO: REUTERS

TEHRAN: Indian Prime Minister Narendra Modi arrived in Iran on Sunday on a visit aimed at boosting trade after the lifting of international sanctions under Tehran's nuclear deal with world powers.

"I have arrived in Iran, a country with which we have linked civilisations. I hope to strengthen economic cooperation between the two countries," Modi wrote in a tweet sent in Farsi.

Iranian media reported that on Monday he will meet both President Hassan Rouhani and the Islamic republic's supreme leader Ayatollah Ali Khamenei during his two-day visit.

Modi willing to resolve all issues with Pakistan

Modi's trip is aimed primarily at increasing economic and commercial ties with Iran.

Iran was India's second largest supplier of oil until 2011-12, when economic sanctions against Tehran over its nuclear programme forced New Delhi to reduce its dependence on Iranian oil.

According to Iranian media reports, India is now seeking to double its imports of Iranian oil.

The official IRNA news agency  reported that Afghan President Ashraf Ghani would also be in the country on Monday to sign a tripartite agreement.

Nuclear summit sidelines: No Indian proposal yet for Nawaz-Modi meeting

This would transform Iran's southern port of Chabahar on the Gulf of Oman into a transit centre for trade between Iran, India and Afghanistan and central Asia generally, bypassing Pakistan.

Earlier this year, India approved a $150 million project to develop Chabahar.

India still owes Iran $6.5 billion that Tehran was unable to recover because of the international sanctions.

Iranian media said a first tranche of this debt, the equivalent of $750 million, was paid into accounts held by the Iranian central bank in Turkey.


Harish | 5 years ago | Reply Modi.
wiserneighbour | 5 years ago | Reply Iran can become a pivot in this region.With abundant natural resources,and correct foreign policy,it will become global game changer.Pakistan's relevance as a geocentric gateway is fading by their own actions.
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