Iran sign 9 MoUs, agree on Chabahar, Afghanistan & more

West Oppressed, Exploited Resources Of East: Rouhani

Visiting Iranian President Hassan Rouhani held detailed talks with Prime Minister Narendra Modi on Saturday following which India and Iran signed nine pacts including one for a lease contract as part of the first phase of the Chabahar port development which will lead to a strategic sea-land route linking India with Iran, Afghanistan and Central Asia.

Ministry of External Affairs (MEA) spokesperson Raveesh Kumar took to Twitter to inform about it. In a joint statement issued by the two countries here at the end of deliberations, both sides while recognising the challenges of terrorism, also expressed the need to identify and address conditions conducive to terrorism as well as extremist ideologies.

Modi said the two countries want a terror-free world and they were committed to stopping the expansion of those powers which encourage terrorism, extremism, drug trafficking, cyber crimes and other worldwide crimes.

India and Iran have robust economic and commercial ties covering many sectors, though it has traditionally been dominated by the import of Iranian crude oil by India, which continued to engage with Iran at the time of sanctions.

Rouhani stressed that "Iran and India's ties are not to any country's detriment".

The Iranian leader used the occasion to underscore the USA control over his country.

"I am very optimistic about the future of the relationship between the two countries and our companies, especially for developing oil and gas fields", Zanganeh said.

Hitting out at the US, Rouhani said many issues in the world today have arisen out of miscalculation and Washington has constantly resorted to that mistake with regard to Tehran.

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Karbasian was addressing an interactive meeting with Indian and Iranian business leaders, organised by the Federation of Indian Chambers of Commerce and Industry of India.

Iran's President Hassan Rouhani said on Saturday it would adhere to commitments under its 2015 worldwide nuclear agreement, signed with six world powers to limit its disputed nuclear programme. Amid growing bonhomie with Israel, India is hoping that Rouhani's visit and also Modi's own recent visit to Palestine will help dispel the notion that its West Asia policy is no longer on an even keel.

The agreement on avoidance of double taxation aims at promoting flow of investment and services between the two countries.

During their Saturday meeting, Rouhani and Modi referred to energy and transportation sectors as the major fields of cooperation between the two sides.

Rouhani, who arrived here on Friday evening from Hyderabad, was a accorded a ceremonial welcome at the Rashtrapati Bhavan.

India in May 2016 inked a deal with Iran for development of the Chabahar Port.

President Rouhani also thanked the warm hospitality of Indian premier and voiced happiness to find such opportunity to visit the country.

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