The bilateral agreement signed between India and Iran will include a setup of an aluminum plant and laying a railway line that will be providing access to India to Central Asia and Afghanistan.
The Chabahar port will give India access to central Asian & European countries bypassing Pakistan combating with terror and radicalism. India will be investing $500 million (near about 3326.7crore). A trilateral agreement has also been signed between India, Afghanistan, and Iran, which PM Modi said can alter the course of history.
The Indian-Iran ties with be strong after this agreement and will cover diverse field like economy, port development, transportation, science, culture, and much more.
Both the countries showed their deep concern about the terrorism in this region and so Chabahar port agreement was signed between them after the consultations of National Security Council and other concerned body on terrorism.
This was the first occasion after 15 years that any Indian PM has visited Iran. Last time in 2001, Atal Bihari Vajpayee visited Iran.
In a joint media interaction with the Iranian President Rouhani, Modi confirmed that India will be investing $500 million in development of Chabahar port. This port is located in Sistan-Balochistan province on Persian Gulf and now could be easily accessible from India’s western coastline.
This effort will definitely boost the economic growth of Iran. Each of the three countries involved in trilateral agreement will name the follow-up minister for the work that needs to be done.
Rouhani and Modi further discussed many issues related to terrorism, political issues, economical downfall and also planned solutions for them. Most of the discussion between the two has not been revealed. But yes, India has got two new friends- Afghanistan and Iran after the bilateral and trilateral agreements.