Modi's maiden Iran visit begins from Monday

Narendra Modi will arrive in Tehran on Monday on a two-day official visit aimed at boosting economic ties between the two nations.

IANS May 21, 2016 20:30:12 IST
Modi's maiden Iran visit begins from Monday

Tehran: Indian Prime Minister Narendra Modi will arrive in Tehran on Monday on a two-day official visit aimed at boosting economies between the two countries.

Modi is expected to sign a number of important economic documents, including a preferential trade agreement, Xinhua News Agency quoted an Iranian West Asian analyst, Hassan Nourian, as saying on Saturday.

Modis maiden Iran visit begins from Monday

File photo of Narendra Modi. AFP

There will also be a pact on avoding excessive taxation in bilateral trade, supporting mutual investments besides cultural and tourist accords.

Modi will be accompanied by a high-ranking delegation.

Nourian felt that the most important aspect of his visit would be India's investment in Chabahar port city and the construction of petrochemical and urea fertilizer plants in Iran.

In May 2014, India and Iran signed a MoU to jointly develop the port once the international sanctions against Iran were lifted.

Both sides agreed to allow India to lease two docks at the port for a period of 10 years, a move that was meant to cut New Delhi's crude oil and urea transportation costs by around 30 percent.

Chabahar is located in the Gulf of Oman on the border with Pakistan. The Indian move to develop Chabahar port will help New Delhi dodge Pakistan and establish a strategic connectivity to Afghanistan as well as Central Asia.

Concurrent with Modi's visit, Afghan President Ashraf Ghani will also be in Tehran to sign a trilateral deal regarding Chabahar port.

Ghani made his first visit to Iran in March 2015 when the two countries stressed cooperation in executing bilateral and multilateral projects with regional countries, particularly India, to develop Chabahar port.

Under the agreement finalised in April, India will be allowed access to Afghanistan via the strategically located port. The Chabahar route will allow Indian goods to reach Kabul avoiding Pakistan territory.

Modi's visit would be an important marker in Iran and India's relations, Nourian said.

On Thursday, Iran held a meeting in Chabahar with the participation of the Indian Ocean Rim Association (IORA) member states aimed at urging investment in Tehran's development projects in the region.

Another important topic on the agenda of Modi's visit is the return of the Indians to one of the country's major gas fields, the Farzad B gas project and its development, Nourian said.

Updated Date:

also read

PM's Mann ki Baat: Must move forward with 'nation first, always first' mantra, says Narendra Modi
India

PM's Mann ki Baat: Must move forward with 'nation first, always first' mantra, says Narendra Modi

Modi noted that on the coming 15 August, India will enter its 75th year of Independence and highlighted that Amrit Mahotsav is being celebrated throughout the country to mark that year

'Had you understood country's Mann ki Baat': Rahul Gandhi slams Centre on pace of COVID-19 vaccinations
India

'Had you understood country's Mann ki Baat': Rahul Gandhi slams Centre on pace of COVID-19 vaccinations

The former Congress president also shared a video on Twitter highlighting the alleged slow vaccination rate and media reports where people were not getting vaccines

Union Cabinet approves setting up of Central university in Ladakh in meeting chaired by PM Modi
India

Union Cabinet approves setting up of Central university in Ladakh in meeting chaired by PM Modi

Prime Minister Narendra Modi in his address to the nation on last Independence Day had announced that a new university would be established in Ladakh