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President after signing of 12 Iran-India coop. documents:

Boosting Iran-India ties beneficial to both nations, the region/Iran, India to establish comprehensive economic ties

“Iran’s relations with India has always been of significance and today, strengthening these ties will be beneficial to both nations, as well as the entire region,” said President Rouhani at a joint press conference on Monday in Tehran, after signing of 12 Iran-India cooperation documents.

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Mon 23 - May 2016 - 14:46

Dr Rouhani said: “Indian Prime Minister’s visit to Iran in post-JCPOA and post-sanctions era prepares the ground for further development of economic ties between the two countries”.

“Today, the executive officials of both countries decided to turn the commercial ties between Iran and India into comprehensive economic ties,” added the President.

He added: “With regard to the energy capacity in Iran and the large number of mines in India, as well as strategic Chabahar port, we can have greater cooperation in different fields, such as aluminium and petrochemical industries”.

“Regarding the role of banks in the economic ties between the two countries, today we had very important discussions about the ways of organising relations between banks and we hope that banking facilities can prepare the ground for further economic ties between the two countries,” continued the President.

He added: “India’s advancements in modern technologies, especially ICT, biotechnology and nanotechnology, as well as aerospace, motivated us to agree to develop ties in modern technologies, academic issues and science and technology parks”.

He also said that the two countries agreed to deepen ties in tourism, security and stability of the region, terrorism, and political and intelligence fields.

At the same meeting, Narendra Modi, the Prime Minister of India said: “The achievements of this meeting and the agreements signed, start a new chapter in strategic cooperation between the two countries and, without a doubt, welfare of the two nations depends on extensive economic cooperation between Iran and India”.

“We will spare no effort for bright Tehran-New Delhi ties,” he added.

Referring to allocation of $500 million for the development of Chabahar port infrastructure, he said: “Without a doubt, this contract will result in the development and economic growth of the region and we are determined that these contracts be put into action as soon as possible”.

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- Foreign Meetings