India’s PM Modi’s new approach towards the welfare of the country includes the formation of a few agreements between India and Iran which he correctly did on the second day of his visit to Iran by signing a dozen agreements. These agreements signed on Monday deals with bilateral, infrastructural, cultural exchange, intelligence sharing, and terrorism aspects of the two countries.
Source: TIMES NOW Youtube channel
One of the most important contracts focuses on the development of Chabahar port in the Gulf of Oman on Iran’s southeastern coast in which India will be also investing 500 million USD. Moreover, as Pakistan doesn’t allow India to send goods directly to Afghanistan, a new transportation route will also be opened between these countries under one of the agreements.
The Other Agreements Between India and Iran Includes:
1. Policy Dialogue between governments and interaction between think tanks.
2. Institutional mechanisms for cooperation to promote cultural exchange.
3. India – Iran Cultural Exchange Programme
— Gopal Baglay (@MEAIndia) May 23, 2016
These agreements went viral on the Internet when the spokesperson of Ministry of External Affairs, Vikas Swarup Tweeted them on Monday.
4. Enhancing co-operation for training of diplomats and exchange of eminent speakers.
5. Bilateral contract on Chabahar port for port development and operations.
6. Cooperation in the fields of Science and Technology.
7. Framework of cooperation supporting and encouraging foreign trade and foreign investment.
8. MoU on current specific terms for Chabahar port project.
9. Confirmation Statement for extending credit of Rs 3,000 crore for the import of steel rails and implementation of Chabahar port.
10. MoU facilitating possibility of joint exploration manufacturing aluminium metal.
11. MoU for cooperation facilitating exchange of information and knowledge in the field of archival matters.
12. MoU to provide requisite services for the construction of Chabahar-Zahedan railway line.
It has also come to report that India’s Chabahar port agreement is actually a countermeasure to reduce the influence of China over the region as the Gwadar Port of Pakistan is under the development under Chinese investments whereas these agreements between India and Iran will also reduce the transportation cost of crude oil for the country.