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India seeks enhanced economic ties with Iran


New Delhi:  Iran being an important partner of India, according to Sushma Swaraj External Affairs Minister, called for improvement of commerce, infrastructure, trade and bilateral economic cooperation in energy on Monday.

Co-chairing the 18th session of the India-Iran Joint Commission Meeting (JCM) here with Iran’s Minister of Economic Affairs and Finance Ali Tayebnia, Sushma Swaraj underlined the efforts underway to enhance bilateral economic cooperation in energy, infrastructure – including shipping, ports and railways — and trade and commerce, an official statement said.

“She stressed that connectivity afforded by Indian participation in Chahbahar port will facilitate linking Afghanistan and Central Asia with India,” the statement said.

“The Iranian side suggested the participation of India’s public and private sectors in the development of Chahbahar port and Chahbahar Free Trade Zone (FTZ) and in setting up industrial units in the FTZ.”

Sushma Swaraj emphasised the need for early completion of all necessary procedures for India’s participation in the Farzad-B gas field in Iran and pointed out India’s desire to participate in other oil and gas explorations in the west Asian nation as well.

“The two ministers reviewed the progress in trade and economic cooperation and a number of related matters, and discussed the possibilities in cooperation in railways, including by supply of rails, rolling stock, signalling and other works and India’s participation in Chahbahar-Zahedan-Mashhad railway line,” the statement said.

The JCM was preceded by meetings of the Joint Working Group (JWG) on trade and Commerce (November 18-19), Joint Working Group on energy (December 26) and Joint Working Group on infrastructure (December 26).

Earlier on Monday, Taiebnia called on Prime Minister Narendra Modi, who warmly recalled his meeting with the Iranian President Hassan Rouhani in Ufa earlier on the sidelines of the Brazil, Russia, India China, South Africa (BRICS) and Shanghai Cooperation Organisation (SCO) summits in Ufa, Russia, this year and reiterated the keen desire of India to expand its economic cooperation with Iran.(IANS)(image:

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Iran invites Pakistan to join Chabahar project with India

India, Iran and Afghanistan signed a trilateral agreement in 2016

Chabahar Port is of great international significance in terms of trade, especially for India. Wikimedia Commons
Chabahar Port is of great international significance in terms of trade, especially for India. Wikimedia Commons
  • Iran has invited Pakistan to join Chabahar port project
  • It is a very crucial port of great importance
  • India, Iran and Afghanistan have already signed a trilateral agreement in 2016

Iranian Foreign Minister Javad Zarif has invited Pakistan to participate in the Chabahar Port project that connects India to Afghanistan, Central Asia and Eastern Europe, a leading Pakistani daily reported on Tuesday.

Chabahar Port is built and operated by India. Wikimedia Commons

The move may be seen as Zarif’s bid to allay concerns here over the Indian involvement in the Iranian port, Dawn online reported. The Iranian minister also, meanwhile, extended the invitation to China.

“We offered to participate in the China-Pakistan Economic Corridor (CPEC). We have also offered Pakistan and China to participate in Chahbahar,” Zarif, who is on a three-day visit to Pakistan, said while delivering a lecture at the Institute of Strategic Studies Islamabad (ISSI) on Monday, according to the daily.

India, Iran and Afghanistan signed a trilateral agreement in 2016 to jointly develop the Chabahar port, opening a new strategic transit route between the three nations and other Central Asian nations, bypassing Pakistan. In November 2017, India delievered the first consignment of wheat to Afghanistan through the Chabahar Port.

Also Read: All You Need To Know About India’s Strategic Chabahar Port

Zarif had earlier held bilateral talks with his Pakistani counterpart Khawaja Asif and addressed a trade conference. The visiting Foreign Minister is being accompanied by a large trade delegation from Iran.

He also said that Gwadar Port and Chabahar Port needed to be linked through sea and land routes for development of deprived Eastern and South-eastern Iran and South Western Pakistan. “We are taking measures to do that and there is an open invitation to Pakistan to participate in that,” Zarif said.

Chabahar Port will make India's trade with Afghanistan easier. Wikimedia Commons
Chabahar Port will make India’s trade with Afghanistan easier. Wikimedia Commons

He also said that the Chabahar port project was not meant to “encircle Pakistan … strangulate anybody”, adding that Iran would not allow anybody to hurt Pakistan from its territory, much like Pakistan would not allow its soil to be used against Iran.

Zarif likened Iran’s relations with India to Pakistan’s ties with Saudi Arabia. “Our relations with India, just like Pakistan’s relations with Saudi Arabia, are not against Islamabad as we understand Pakistan’s relations with Saudi Arabia are not against Iran.” IANS

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