As many as 12 deals, including a strategic port in Chabahar on the southern coast of the Persian Gulf, were signed by Iran and India on 23 May.
“Chabahar can become a very big symbol of co-operation between Iran and India.”
Addressing a joint press conference in Tehran along with Prime Minister Narendra Modi, Iran President Hassan Rouhani said, “The Chabahar port can serve as link between India and Afghanistan,” he added.
Earlier, Modi was accorded a traditional welcome and he met Hassan Rouhani for talks to deepen trade, investment and energy ties.
“India will provide $500 million as investment for developing the port,” said Modi. Also India will invest millions of dollars for setting up industries such as aluminium and urea among others in the Chabahar free trade zone.
Stating that Iran and India are old friends, he said, “The pacts signed a new chapter in our strategic partnership,” he added.
India and Iran also exchanged views on the regional situation and global issues of common concern, said Modi.
India and Iran will also work closely on combating terrorism, radicalism, drug trafficking and cyber crime.
Later, Modi paid obeisance at the Bhai Ganga Singh Sabha Gurudwara after arriving in Tehran. Modi, while addressing a gathering, praised the Sikhs for keeping traditions alive for later generations.