Iran, India sign documents to enhance bilateral ties

Iranian and Indian officials signed 12 memorandums of understanding (MOUs) on the sidelines of a meeting between Iran's President Hassan Rouhani and Indian Prime Minister Narendra Modi May 23, Iran's state-run IRINN TV reported.

The signed documents envisage cooperation in various fields including science, culture, technology and diplomatic affairs as well as economic and financial cooperation.

The parties also signed documents on developing the strategic Chabahr port, located in south eastern Iran.

Heading a big political and economic delegation Modi arrived in Tehran early May 23 on a two-day visit to strengthen trade, investment and energy ties with Iran.

Modi, is the first Indian Prime Minister who visits Iran in the last 15 years.

India will be trading to double its oil imports from the Islamic Republic, as Iran is India's second biggest oil supplier.

Also India is looking on getting rights to develop a giant gas field in the energy rich Iran.

Speaking of his trip, Modi recently said energy projects are the main points on agenda, pointing out the development of Iran's Farzad-B oil field as one of the most important ones.

/By Trend/