Immense opportunities after lifting of sanctions, says Narendra Modi (analysed form The Hindu, relevant for Prelims, GS II, Topic: International Relations)

Prime Minister Narendra Modi  on his visit to Iran said that the lifting of international sanctions on Iran has opened up immense opportunities, and India is looking forward to expanding cooperation with the Persian Gulf nation in sectors such as trade, investment, infrastructure and energy.

He further said that India and Iran have always focused on adding strength to our relations, even during the difficult times. 

Iran is part of our extended neighbourhood, an important country in the region and one of the India’s valuable partners. We are connected with each other by the shared history and civilisational ties.

Both countries will encourage public and private sector firms from India were keen on investing in Iran, he said the signing of the agreement on the development of Chabahar port will provide wider connectivity.

India is also looking at doubling oil imports from the Persian Gulf nation, which a few years back was its second-biggest oil supplier.
India also hopes on getting rights to develop the Farzad–B gas field. Union Road Transport and Shipping Minister Nitin Gadkari will be present for the signing of the agreement on the port.

Significance of of Farzad-B:

As energy is one of the most important dimensions of our bilateral economic cooperation with Iran. The signing of Farzad-B [gas field], will take us beyond the buyer-seller relationship to being genuine partners in the field of energy.

Regarding combating terrorism:

India has “shared interest” in peace and prosperity of the region, combating the menace of international terrorism and radical ideologies is a common challenge for both the countries.
Taking concrete steps for enhancing regional connectivity is one of the most important and promising dimensions of the growing cooperation between our two countries along with building a genuine energy partnership, cooperation in the infrastructure, ports, railway and petrochemicals sectors and developing age-old civilisational ties through people-to-people exchanges in the modern times .


About Chabahar port:

1.    Chabahar is a port in south-east Iran that will enable India to bypass Pakistan and open up a route to land-locked Afghanistan with which New Delhi has close security ties and economic interests. 

2.    From Chabahar, the existing Iranian road network can link up to Zaranj in Afghanistan, about 883 kms from the port. 

3.    The Zaranj-Delaram road constructed by India in 2009 can give access to Afghanistan’s Garland Highway, setting up road access to four major cities in Afghanistan — Herat, Kandahar, Kabul and Mazar-e-Sharif. 

4.    Trilateral agreement on Chabahar trade to be signed by Mr. Modi, President Ashraf Ghani and President Rouhani.