Iranian President Hassan Rouhani and the Indian Prime Minister Narendra Modi held talks in Tehran today.
Iranian and Indian officials signed 12 memorandums of understanding for cooperation in various fields, including science, culture, technology and diplomatic affairs, as well as economic and financial cooperation.
A bilateral contract on the Chabahar port between India Ports Global Pvt. Ltd. and Arya Bandar of Iran envisages development and operation for 10 years of two terminals and five berths with cargo handling (multipurpose and general) capacities.
A memorandum of understanding (MoU) was signed between India’s Exim Bank and Iran’s Ports and Maritime Organisation for a line of credit from India of $150 million to develop the Chabahar port.
A confirmation statement was also signed between the Exim Bank and the Central Bank of Iran for availability of credit of up to Rs.3,000 crore for the import of steel rails and implementation of the Chabahar port project.
"Considering all the credit lines that are going to come from India into the Chabahar port, it can very well turn into a very big symbol of cooperation between the two great countries of Iran and India. The Chabahar port is the origin of the transit corridor between south and north," Rouhani said.
The port can connect various countries in the region, including India and Afghanistan, to Central Asia, Caucasus and Eastern Europe, Rouhani added.
"Due to the importance of stability and security in the region, especially in such countries as Afghanistan, Iraq, Syria and Yemen, and taking into account the fact that the problem called terrorism is relevant today as never before, our two counties discussed how they can cooperate on intelligence and get closer in the fight against terrorism and extremism, how they can contribute to the stability and security in the region," Sputnik cited Rouhani as saying.
Furthermore, Modi and Rouhani agreed to enhance cooperation between their defense and security authorities.
