Iran- India relations

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This is a collection of articles archived for the excellence of their content.

2014

The Times of India, Jul 20 2015

India- Iran, export and import, year-wise 2000-14; Graphic courtesy: The Times of India, Jul 20 2015

Following the report by the International Atomic Energy Agency regarding Iran’s noncompliance with safeguard agreements and Iran’s nuclear activities, the UNSC imposed a series of economic sanctions. The first of these sanctions were imposed in December 2006. An analysis of India’s trade with Iran shows a significant increase after these sanctions. Iran’s exports of goods to India were 1.8% of its total exports in 2000. This increased to 15.9% in 2014. In this period, Iran’s imports from India as a proportion of its total imports also increased from 1.8% to 5.1%.

2018

Nine pacts deepen ties further

Nine pacts deepen Iran ties further, February 18, 2018: The Times of India

Agreements signed between Iran and India, as in February 2018
From: Nine pacts deepen Iran ties further, February 18, 2018: The Times of India

Iran may be faced with US sanctions but that did not come in the way of India looking to further ramp up its economic ties with Tehran with focus on connectivity, energy, trade and investment when PM Narendra Modi met Iranian President Hassan Rouhani here on Saturday. The two countries signed nine agreements, including a lease contract which will allow an Indian company to take over for 18 months operational control of facilities at Shahid Beheshti Port in Chabahar.

Thanking Rouhani for his contribution to the development of Chabahar port, Modi said India will support construction of the Chabahar-Zahedan rail link in Iran to allow Chabahar gateway’s potential to be fully utilised.

Port project a message to US that India is committed to Chabahar

We want to expand connectivity, cooperation in the energy sector and the centuries-old bilateral relationship, said Modi.

The port project is important for India as it will allow it to bypass Pakistan in accessing not just Afghanistan but also central Asian countries. The agreement is also a message to the US that India remains committed to Chabahar despite the US threat to tighten sanctions on Iran.

India and Iran also signed an agreement for avoidance of double taxation and prevention of fiscal evasion “with respect to taxes on income”.

Amid growing bonhomie with Israel, India is hoping that Rouhani’s visit and also Modi’s own recent visit to Palestine will help dispel the notion that its West Asia policy is no longer on an even keel. For trade and investment, the two leaders recognised the need to put in place an effective banking channel.