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On state visit to India, Iranian President to meet PM Modi today

On state visit to India, Iranian President to meet PM Modi today

Apart from meetings with PM Modi and other Indian leaders, the Iranian leader is also scheduled to deliver a special address at the Observer Research Foundation

On state visit to India, Iranian President to meet PM Modi today

On a state visit to India, the Iranian President Hassan Rouhani is set to meet the Indian Prime Minister Narendra Modi today.

He will also make a courtesy call on President Ram Nath Kovind.

Both President Rouhani and Prime Minister Modi are expected to hold talks on a host of issues including trade, security and connectivity and most of all about the strategically-important Chabahar port.

Apart from meetings with PM Modi and other Indian leaders, the Iranian leader is also scheduled to deliver a special address at the Observer Research Foundation today.

Under an agreement, India is to invest $85 million for equipping Chabahar port in south-east Iran.

Given that India is the second-biggest importer of Iranian crude oil, cooperation on oil and natural gas resources will be on the agenda.

India has also expressed interest in the Farzad-B gas field and the discussions are ongoing according to sources.

Whats all the more crucial is that Iran and India have already operationalized a mechanism under which Indian businessmen can invest in projects in Iran in Indian rupees, the sources said.

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