India, Pakistan to invest in Iran's Chabahar

Business Materials 3 December 2012 14:25 (UTC +04:00)

Azerbaijan, Baku, Dec.3 /Trend F.Milad/

Indian and Pakistani businessmen will invest some 100 million dollars in Iran's Chabahar Port city, in the south eastern Iranian province of Sistan and Balouchestan, the Iranian Foreign Minister Ali Akbar Salehi said on Monday.

Salehi also said that expanding relations with neighbouring countries is a priority in the Islamic Republic's foreign policy, the IRIB News Agency reported.

"The priority of Iran's foreign policy is to regulate relations with neighbouring countries, because the Islamic Republic has many common interests with these states," Salehi said.

The Iranian foreign minister made the remarks at a meeting to discuss measures of combating smuggling in the south eastern border province of Sistan and Balouchestan.

"Expanding and establishing relations with all countries is of importance to the Islamic Republic, but establishing ties with 15 strategic neighbouring states is more important," Salehi added.

"Sistan and Baluchestan is Iran's only province with direct access to free waters and the ocean and is adjacent to Afghanistan and Pakistan," the Iranian foreign minister added.

Salehi said major investments had been made at Iran's south eastern Chabahar Port city which he described as "very important" for the country and its neighbours.

He further noted that addressing the problems of the country's border areas with the aim of facilitating their development and progress was one of the most important agendas of the Foreign Ministry.