On his first visit to India after the nuclear agreement freed Iran from global sanctions, Iranian foreign minister Javad Zarif held discussions with the Indian leadership on the ISIS threat, energy investments and development of Chahbahar port.
Speaking to journalists later, Zarif said India and Iran are talking about investing in each other’s energy sector. He said India is an important player in West Asia and can play a leading role in the region.
Prime Minister Narendra Modi “conveyed India’s commitment to work with Iran for development of the Chabahar port that would have far reaching benefit, not only for the people of India and Iran, but also for Afghanistan and the entire Central Asia region, a PMO statement said.
Chahbahar occupied a lot of discussions both with the PM and Shipping Minister Nitin Gadkari. India will invest just under $100 million on the port, which India believes is key for its connectivity with Central Asian countries. When Modi met Iranian Prime Minister Hassan Rouhani in Ufa, both leaders spoke about increasing Indian investments in Iran. India also owes Iran almost $6 billion in oil payments. Questioned about it, Zarif said, There is no lack of political will, we are working through some of the modalities.
Describing the implications of the nuclear deal, Zarif said it was mutually beneficial. We gained recognition for our peaceful nuclear programme, he said. It’s a major achievement for diplomacy, because negotiation and dialogue triumphed over pressure and coercion.