TEHRAN Irans Deputy Foreign Minister for Political Affairs, Majid Takht-Ravanchi, participated in the 19th Iran-India Foreign Office Consultations held in New Delhi on Friday, engaging with several Indian officials.The conversations, which included Indias Foreign Secretary, Vikram Misri, covered a wide variety of bilateral, regional, and worldwide concerns, highlighting the enhancement of financial relations, particularly the strategic advancement of the Chabahar port.
Iran and India delight in standard and historic ties, Takht-Ravanchi composed in a post on X.The Iranian diplomat likewise stated he had a fruitful meeting with Indias Foreign Minister, S.
Jaishankar.He highlighted that economic relations, including Chabahar Port, were prominent in the settlements, underscoring the dedication of both countries to strengthen their standard and historic ties.The strong relationship between Iran and India acknowledged through their 2003 Strategic Partnership Agreement, has actually continued to thrive, with bilateral trade reaching $17.5 billion in 2022-2023, regardless of Western sanctions.Moreover, the Chabahar port on Irans coastline represents an essential tactical property for both Iran and India.
This value was highlighted by a recent 10-year agreement, involving Indias $250 million financial investment focused on the ports development.This strategic relocation positions Chabahar as a competitor to Chinese-backed Pakistani ports and aligns with Indias regional connection goals.Additionally, both countries subscription in BRICS has reinforced cooperation, optimized trade paths, and broadened cooperation in technology, pharmaceuticals, and tourism, highlighted by a 30% increase in Indian visitors to Iran in 2022.