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Last Updated : Feb 15, 2018 02:54 PM IST | Source: Moneycontrol.com

Hassan Rouhani in India: How India and Iran are seeking to strengthen ties

India's plans to develop the Chabahar port on Iran's east coast is likely be given a go-ahead post this visit.

Iranian President Hassan Rouhani is arriving in Hyderabad on Thursday for a three-day visit aimed at strengthening relations between the two countries.

Earlier, reports pointed that the reason for his visit could be Iran seeking investments amid US pressure to review a 2015 international nuclear deal, which could have a negative impact on Iran.

Apart from this, India's plans to develop the Chabahar port on Iran's east coast is likely be given a go-ahead post this visit.

The two countries are also expected to sign an agreement allowing India to run operations in the first phase of the Chabahar port project. It is about 72 km from the Pakistani port of Gwadar, which China is developing.

Last year, India-Iran bilateral trade was over USD 12 billion, where India imported USD 10.5 billion worth of goods - mainly crude oil. The balance of over USD 2.4 billion was India was exporting commodities.

According to sources, Rouhani will address  a congregation at the historic Mecca Masjid in Hyderabad after offering Friday prayers. Religious scholars from different schools of thought will also participate in a session with him and he will also be meeting the Iranians settled in Hyderabad.

After his stay in Hyderabad for two days, he will be heading towards the national capital where he will be holding talks on key bilateral and regional issues and will give a speech at the  Observer Research Foundation on Saturday.

 
First Published on Feb 15, 2018 02:53 pm
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