Chabahar port project to feature during Rouhani's tour of India

Willing to relax visa norms share oil & gas with India Iran

Chabahar port project to feature during Rouhani's tour of India

This is the second time Rouhani will be visiting Hyderabad, but it is his first visit after assuming charge as the president.

Image: President of the Islamic Republic of Iran, Hassan Rouhani will be accorded a ceremonial reception on February 17 when he visits India.

Iranian President Hassan Rouhani will be seeking billions of dollars of Indian investment during a visit to New Delhi, diplomats said, a trip that comes amid USA pressure to review a 2015 global nuclear deal and re-impose sanctions on Iran.

But one of the most interesting engagements during the visit will be on Saturday evening in New Delhi when the Iranian President will participate in an event of the Indian Parsi community.

He further said that 'Iran and India also share concerns, including terrorism, as both are members of The Non-Aligned Movement (NAM)'.

Rouhani heading a politico-economic delegation departed Tehran for India on Thursday upon the invitation of the Prime Minister Shri Narendra Modi.

Based on the agreement India has pledged to invest $85 million in equipment of Chabahar port which opens up the transit route for the country to Iran and Afghanistan, bypassing Pakistan. India imports oil and gas from Iran, but negotiations have been pending on the Farzad-B gas and oil fields in Iran's southern area, which India has expressed interest in.

India wants to develop the gas field discovered by Oil and Natural Gas Corp (ONGC) a decade ago.

India-Iran bilateral trade stood at $12.89 billion in 2016-17, according to figures provided by the External Affairs Ministry.

The Iranian President was formally received by Telangana and AP Governor E S L Narasimhan, Union Minister of State for Power R K Singh, Telangana Deputy Chief Minister Mohammad Mahmood Ali and top police and civil officials besides officials from the Iranian Consulate.

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