EghtesadOnline: Notwithstanding the plans by the United States to impose fresh sanctions on Iran nuclear deal, India is all set to begin interim operations in the strategically important Chabahar Port project next week, Indian shipping ministry officials familiar with the development said.
EghtesadOnline: India said on Monday it abided by sanctions imposed by the United Nations but not those imposed by any other country, such as those announced by the United States against Iran.
EghtesadOnline: The Indian Cabinet on Wednesday cleared a double taxation avoidance agreement between India and Iran, which will promote investment flow and curb tax evasion.
EghtesadOnline: An Indian bank has received the authorization of the Reserve Bank of India–the country’ central banking institution–to invest in Iran in rupees as part of the initiative by the Asian superpower to strengthen economic ties with Iran.
EghtesadOnline: Iranian President Hassan Rouhani’s recent state visit to India has strengthened the prospects of India-Iran relations and raised India’s profile in the region.
EghtesadOnline: The development of the strategic Chabahar Port is becoming a success story in the Iran-India relationship.
EghtesadOnline: Iranian President Hassan Rouhani is on a visit to India this week, repaying a trip by Prime Minister Narendra Modi to Tehran in 2016. Before leaving Tehran, Rouhani said relations between the two nations were historical and deep-rooted, and in his first day in India -- in the city of Hyderabad -- on Thursday he went further to emphasize warm relations between Tehran and New Delhi, saying, “Iran and India enjoy historic and cultural relations that are beyond mere political and economic relations,” hinting at an approach rooted in idealism in international relations, especially with India, rather than one rooted in mere realism.
EghtesadOnline: India and Iran signed 15 agreements in the presence of Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi in New Delhi on Saturday.
EghtesadOnline: India, for the first time beyond Bhutan and Nepal, will invest in a foreign country—Iran—through its own national currency rupee to bypass any trouble arising out of impending US sanctions against Iran, which bars the country from dealing in dollars and euros.
EghtesadOnline: India has held an official welcoming ceremony in New Delhi in honor of President Hassan Rouhani of Iran, who is on a three-day visit to South Asian country.