Saturday, Apr 20, 2024 | Last Update : 01:42 AM IST
Iran willing to relax visa norms, share oil and gas
Under an agreement, India is to invest $85 million for equipping the Chabahar port in southeastern Iran.
Hyderabad: Iran on Friday expressed willingness to share its vast oil and natural gas resources with India and simplify visa norms to strengthen bilateral ties.
Iranian President Hassan Rouhani, who is on a three-day visit to India, said the current century belongs to Asia where New Delhi and Tehran have an important role to play.
The Chabahar port in the Gulf country will open up the transit route for India to Iran and Afghanistan (bypassing Pakistan), Central Asian countries and Europe, he told a congregation at the historic Mecca Masjid here after offering Friday prayers.
Under an agreement, India is to invest $85 million for equipping the Chabahar port in southeastern Iran.
“Iran has abundant oil and natural gas resources and is willing to share them with India for its progress and prosperity of (its) people,” he said.
The President said Iran is hopeful India will reciprocate by simplifying visa rules to enhance people-to-people contact.
