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Iranian Prez to visit India this week

Press Trust of India  |  New Delhi 

Iranian will arrive here on Thursday for a three-day visit during which he will discuss the "latest regional and global developments" with and other leaders, an Iranian agency said today.

"Iranian will travel to on February 15," Agency (ISNA) said.

Apart from holding extensive talks with Modi and other Indian leaders on key bilateral and regional issues, the Iranian leader is also scheduled to deliver a special address at the (ORF) on Saturday.

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

During the meetings, and Indian leaders will discuss, "the latest regional and global developments and the finalisation and exploitation of as soon as possible that can be very effective for bilateral trade in the region and mutual access of to regional and international markets", according to the media report.

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

The Trilateral Transit Agreement (Chabahar Agreement) was also signed by the three transport ministers of India, and in the presence of Modi, and Afghan President The contract entails capital investment of USD 85 million by for equipping the in

The strategically important port will open up the transit route for to Iran and Afghanistan, bypassing

India and Iran have robust economic and commercial ties covering many sectors though it has traditionally been dominated by Indian import of Iranian and the country continued to engage with Iran at the time of sanctions.

According to the external affairs ministry, India-Iran bilateral trade during the fiscal year 2016-17 was USD 12.89 billion. India imported USD 10.5 billion worth of goods mainly and exported commodities worth USD 2.4 billion.

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

First Published: Mon, February 12 2018. 19:55 IST