India-Iran ties set to fly high: Energy partnership, enhanced trade on agenda

India’s multi-faceted ties with Iran are set to move into a higher trajectory, with a spate of significant outcomes emerging from Iran’s Foreign Minister Javad Zarif’s day-long visit to New Delhi. The proposals firmed up during the visit will scale up economic ties and transform the buyer-seller relationship to a genuine energy partnership.

Indian private investors got a shot in the arm with Mr Zarif announcing in New Delhi that Iran is open to Indian private companies investing in the Chabahar Port. Mr Zarif is on his first visit to India after the historic nuclear deal struck between Iran and the P5+1 member countries last month.

“Both India and Iran are eager to engage in this. I believe we will soon start serious work,” Mr Zarif said in New Delhi, adding that the two countries already have an agreement in place. The deal to develop the Chabahar Port was signed between India and Iran in May 2015.

India’s External Affairs Minister Sushma Swaraj met her Iranian counterpart and discussed a host of “forward-looking proposals” that are set the stage for accelerating bilateral relations across the spectrum, which suffered due to a spate of Western sanctions imposed on Tehran to curtail its nuclear programme suspected of developing atomic weapons.

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