Negotiations between Prime Minister Narendra Modi and Iranian Foreign Minister Javad Zarif have been fruitful which resulted into the development of Chabahar Port by India with Tehran, which could bring benefits for India, Iran and entire Central Asian region.

For the development of Port, India could be investing $85 million dollars. Special Purpose Vehicle (SPV) could be used to develop the port to save transportation of crude oil and urea, as the port is of immense importance. The port could also result into easy trading in Afghanistan-Heart, Kandahar, Kabul and Mazar-e-Sharif.

After communicating with Zarif in May, Shipping Minister Nitin Gadkari has signed an agreement to develop the port located on Iran’s southeastern coast and also the strategic port could provide a sea-land route to Afghanistan bypassing Pakistan.

Commenting on the mutual co-operation build between India and Iran, Prime Minister Narendra Modi said, “India attached high priority to its relations with Iran.”

Iranian President is looking forward to a high level of mutual co-operation due to the agreement. He also mentioned the historical and ancient relation on India and Iran.

Referring India as its strategic partner Zarif said, “We cannot forget the support India extended to Iran during its difficult times.”
The pact has been in negotiating process from 2003 under Vajpayee government which is now materialized.