Recently, the President of Iran, Hassan Rouhani was on a three-day visit to India. Connectivity is the main pillar of India-Iran relations. The visit saw the Chahbahar Port getting operationalised. The port would give India access to landlocked Afghanistan and the energy rich Central Asia region. Located close to Gwadar port, it would enable India to offset Chinese presence in the Arabian Sea.
India meets 80 percent of her oil requirements through imports. Good relations with Iran is important for our energy security and for safeguarding the interests of Indian diaspora in the form of construction workers working in West Asia.
During the visit there was an agreement over rupee-rial arrangement using which Indian businessmen can invest in Iran in Rupees. This is an attempt to circumvent the possibility of international sanctions being reinstated if the Iran nuclear deal is renegotiated.
Another area of cooperation is the joint fight against radicalization and terror.
India has a significant Parsi population thus, people to people contacts is another dimension of India-Iran relations.
Challenges:
Balancing relations with Saudi Arabia and Iran at the same time.
Similarly with Israel.
India meets 80 percent of her oil requirements through imports. Good relations with Iran is important for our energy security and for safeguarding the interests of Indian diaspora in the form of construction workers working in West Asia.
During the visit there was an agreement over rupee-rial arrangement using which Indian businessmen can invest in Iran in Rupees. This is an attempt to circumvent the possibility of international sanctions being reinstated if the Iran nuclear deal is renegotiated.
Another area of cooperation is the joint fight against radicalization and terror.
India has a significant Parsi population thus, people to people contacts is another dimension of India-Iran relations.
Challenges:
Balancing relations with Saudi Arabia and Iran at the same time.
Similarly with Israel.
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