Hyderabad: The Iranian President Hassan Rouhani is on his India visit. He is starting his visit from the city of Hyderabad. This visit, by the Iranian President, becomes important in view of the turmoil in the Middle Eastern Gulf area and the Persian Gulf. The Israel Prime Minister visited India a few weeks ago. Following this, the Indian Prime Minister visited Jordan, United Arab Emirates (UAE), Oman and Palestine. The Iranian President’s visit within only a few days after this, is drawing attention of the experts.
The Chabahar port, developed by India in Iran, has been commissioned and this has facilitated the Indian business with Afghanistan and the Central Asian countries. Along with this, India is making special efforts to increase the co-operation in energy sector, between India and Iran. The US has announced fresh sanctions against Iran and this could adversely affect the fuel exports from Iran. In the circumstances, Iran is in dire need of a co-operative buyer like India. At the same time, India needs a continuous supply of fuel for its energy security. Therefore, the India-Iran co-operation will be complimentary.
Meanwhile, President Hassan Rouhani will be meeting some intellectuals and will also be addressing symposium. Following this, he will travel to New Delhi where he will meet President Ram Nath Kovind and Prime Minister Narendra Modi. Mutually beneficial agreements are expected to be signed during this meeting. In the past few months, India had expressed willingness to invest in the Iranian fuel industry. Iran had signed an agreement with an Indian company, for fuel deposit exploration in the ‘Farzad b’ region. But, Iran gave the contract for the extraction work to a Russian company.
Against this background, it is expected that there will be important discussions about the fuel related co-operation during these meetings with the Iranian President, Hassan Rouhani. At the same time, Iran, faced with the sanctions imposed by the US, is looking at major investments from India. The Iranian President will be appealing to the Indian investors for this. While talking to the media, before embarking on the visit, President Rouhani had spoken about welcoming Indian investments. He had also expressed confidence that the Indo-Iranian relations are progressing on a positive path.