PM Modi in Iran: India signs pact to develop Chabahar port.

India on recently signed 12 agreements with Iran, including a pact to operate a strategic port in Chabahar on the Persian Gulf nation's southern coast.

'Chabahar can become a very big symbol of co-operation between Iran and India,' Iranian President Hassan Rouhani said in a joint press conference with PM Narendra Modi after the signing of agreements in Tehran.

'The Chabahar port can serve as a point of connectivity between different countries, specially India and Afghanistan,' he added.
'The agreement to develop Chabahar port for which India will provide $500 million is a key milestone,' the PM said.
Prime Minister Narendra Modi said that India and Iran are not new friends. 'Our dosti is as old as history,' PM Modi said.

'The outcomes and agreements signed today open a new chapter in our strategic partnership,' he added.

The PM also said that India and Iran exchanged views on the emerging regional situation and global issues of common concern.

PM Modi said India and Iran will consult each other closely and regularly on combating threats of terrorism, radicalism, drug trafficking and cyber crime.

India will invest billions of dollars in setting up industries - ranging from aluminum smelter to urea plants - in Iran's Chabahar free trade zone.

TOI