Iran to remain committed to nuclear deal

Iran to remain committed to nuclear deal

Iran's President Hassan Rouhani will visit India this week for three days, Iran's local media reported on Monday.

The documents were signed in a ceremony in Islamabad on March 26, attended by Iranian President Hassan Rouhani and Pakistani Prime Minister Nawaz Sharif.

He was invited by Prime Minister Narendra Modi in 2017, ISNA said.

This will be the first visit by Rouhani, who is the seventh President of Iran, after taking charge in August 2013.

According to the external affairs ministry, India-Iran bilateral trade during the fiscal year 2016-17 was United States dollars 12.89 billion. The contract entails capital investment of Dollars 85 million by India for equipping the Chabahar port in southeastern Iran.

Chabahar provides India with an easier land-sea route to Afghanistan.

"New Delhi has been looking at Tehran for emboldening its connectivity plans with Western Asia and also secure its energy needs".

During Modi's visit, the two sides signed a $500-million deal to develop the Chabahar port to boost regional connectivity and encourage more maritime links and services between the two countries.

India, Iran and Afghanistan are also part of the Trilateral Agreement on Establishment of International Transport and Transit Corridor at Chabahar.

India's plan to use the Iranian soil and airspace to connect farther westwards and northwards, the paper said, was an answer to China's One-Belt-One-Road initiative, which likewise seeks to foster connectivity.

During Modi's bilateral visit to Iran in 2016, almost a dozen pacts were signed between the two countries.

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