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Iranian bank to open branch in Mumbai in 3 months: Nitin Gadkari

ANI  |  New Delhi [India] 

will be opening a branch of its named Pasargad in in three months, of Road, Transport and Highways Gadkari said on Tuesday.

"The has already given permission to to open a branch in They are going to open a branch in in three months," the said.

The met in Mumbai on Tuesday and engaged in detailed discussion over a range of topics, including the Chabahar Port, steel, locomotive engines and urea.

The also expressed satisfaction over the talks with Gadkari and praised India's efforts in setting up the branch in the country.

"Iran and has complementary economies. We have a whole range of options open to us. In the sector, we are very happy that both (UCO) from and from Iran are getting started. We hope that irrespective the illegal US sanctions, Iran and India can cooperate further for the benefit of the two countries and the region," Zarif said.

Meanwhile, focusing on Iran-Pakistan-India gas pipeline, a top source told ANI, "It's a practical idea. It will cement peacefully relation in these three countries. We are an important neighbour. Security feasibility is much more apparent. I believe that was a brilliant idea started."

On further information, the source informed that the US is 'threatening' Iran.

"They found they are powerless in their own continent. Europe+China+India is much larger than the US. power is a bubble. Bubbles burst if you push in too much air. Obama tried to inject realism in the region. The photo opportunity is a liability for us," the source said adding that "engagement with US is not in the realm of possibility right now."

On Iran peace Dialogue, the source said, "I think, Iran was last country to start a dialogue with We did have contacts with them. We had a security dialogue with intelligence. We had short dialogue in Moscow, and first round in last week."

The source also noted that Iran has not discussed Chabahar with Taliban, however, China, or anyone can join Chabahar.

"We need a channel of communication. We need an government where is participant but not dominating. If Taliban dominate is a security threat to Iran, India but an existential threat to We discussed this with late PM Bhutto. We told them that you are creating Taliban and this will be your menace. We told this to Pakistan, and they don't disagree. Taliban is a reality in 11 of our diplomats were killed by Taliban," the source said regarding Taliban.

"We have our channels with Taliban. If (India) wishes to use those channels, they are welcomed," the source added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 15:00 IST