Iran and India intends to tighten economic relations | Eurasia Diary -

19 June, Wednesday

Iran and India intends to tighten economic relations

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In a Tuesday meeting, the two sides discussed ways to enhance bilateral economic cooperation, especially in the realm of transportation.

The officials also conferred on the latest status of bilateral cooperation in Chabahar port and its role in regional development.

Heading a high-ranking politico-economic delegation, Zarif embarked on a three-day visit to India on Monday. He is scheduled to hold meetings with Indian officials, participate in a joint business forum attended by the businessmen of the two countries, and deliver a speech at the annual Raisina Dialogue conference in New Delhi.

Also, Dozens of CEOs of entrepreneur companies from both private and public sectors are accompanying the top diplomat on the visit.

The opening the branch of an Iranian bank in India and gas prices were also discussed during the meeting. Iran's Bank Pasargad will open its branch within the next three months, Gadkari said on Tuesday, after a meeting with Iran's Foreign Minister Javad Zarif in New Delhi.

Gadkari termed his meeting with Iranian Minister on Chabahar Port "fruitful".

“We had detailed discussions... Our meeting was very fruitful and we have resolved a lot of issues," Gadkari said.

Iran is ready for talks with India so that Indian firms can start investing in Chabahar Port, and especially in petrochemical Industries, Zarif told reporters Tuesday after meeting with Indian Minister of Road Transport and Highways Minister of Shipping Nitin Gadkari in New Delhi.

He made the remarks answering a question on India’s request for buying gas at a more ‘reasonable’ price for establishing different industries in the Chabahar region.

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