Baku, Azerbaijan, May 23
By Fatih Karimov - Trend:
Iran and India decided to turn their merely trade relations into comprehensive economic ties, Iran's President Hassan Rouhani said.
Rouhani made the remarks at a joint press conference with visiting Indian Prime Minister Narendra Modi in Tehran, May 23, Iran's state-run IRINN TV reported.
He said the Indian PM's visit to Tehran will pave way for further expansion of economic ties between the two countries.
Iran's energy resources, as well as India's rich mineral reserves enable the two countries to cooperate in various industries, added Rouhani.
He further touched upon the documents signed between the two countries on developing Iran's south eastern strategic Chabahar port, saying the port can turn into "a very big symbol of cooperation" between Iran and India.
The port can connect various countries in the region, including India and Afghanistan, to Central Asia, Caucasus and Eastern Europe, Rouhani added.
He also said the two parties have had very detailed discussions on the ways to organize relations between Iranian and Indian banks.
Tourism cooperation was another topic of negotiations, added Rouhani.
Since India has made much advancement in the new and high technologies, such as ICT, biotechnology, nanotechnology and aerospace, the two countries also decided to boost their scientific relations, added Rouhani.
He also said Iran and India will enhance cooperation in establishing regional peace and stability, as well as fighting terrorism.
Iranian and Indian officials signed 12 memorandums of understanding for cooperation in various fields, including science, culture, technology and diplomatic affairs, as well as economic and financial cooperation.
The parties also signed documents on developing the strategic Chabahar port.
Heading a big political and economic delegation Modi arrived in Tehran early May 23 on a two-day visit to strengthen the trade, investment and energy ties with Iran.
Modi is the first Indian Prime Minister who visits Iran in the last 15 years.