Home » World News » 12 MoUs signed during PM Modi's visit to Iran

12 MoUs signed during PM Modi's visit to Iran

Speed News Desk | Updated on: 10 February 2017, 1:50 IST

Ahead of his two-day state visit to Iran, PM Narendra Modi had tweeted: "India and Iran enjoy civilisational ties and have shared interest in the peace, security, stability and prosperity of the region".

PM Modi was accorded a ceremonial welcome upon his arrival in Iran on 22 May. Later that day, he addressed a gathering at Iran's Bhai Ganga Singh Sabha Gurudwara, which was founded in 1941.

During his meeting with Iran President Hassan Rouhani, PM Modi discussed a number of bilateal issues - including in the areas of trade, economy and scientific and academic cooperation.

A landmark trilateral agreement between India, Iran and Afghanistan to develop the Chabahar port was inked on 23 May.

Here's a look at the 12 agreements that were signed on 23 May.

1. MoU between Export Import(EXIM) Bank of India and Iran's Ports and Maritime Organisation [PMO] on current specific terms for the Chabahar Port project

This MoU is intended for the purpose of credit of US$150 million for Chabahar port.

The port will allow India to bypass Pakistan to transport goods to Afghanistan and central Asia using a sea-land route.

2. Confirmation statement between EXIM Bank and Central Bank of Iran for Chabahar port

This confirms the availability of credit up to Rs 3000 crore for the import of steel rails and implementation of Chabahar port.

3. Bilateral contract on Chabahar Port for port development and operations between IPGPL [India Ports Global Private Limited] and Arya Banader of Iran

The contract envisages development and operation for 10 years of two terminals and 5 berths with cargo handling [multipurpose and general] capacities.

4. India-Iran Cultural Exchange Programme (CEP)

The agreement will see an extension of the CEP for the period 2016-2019 covering the areas of culture and art; radio, TV, mass media and cinema; and relevant general and financial terms.

5.Interaction between Indian and Iranian think tanks

This agreement seeks to create a Joint Secretary/Director General policy dialogue as well as encouraging new institutional mechanisms between think tanks on both sides. There is also a provision for a conference on contemporary issues of regional and global significance.

6. MoU between Foreign Service Institute, MEA and the School of International Relations, Iran's MoFA

This MoU is intended to enhance cooperation between the two parties for training of diplomats and exchange of eminent speakers.

7. Implementation Protocol between Department of Science and Technology, Ministry of S&T and Iran's Ministry of Science, Research and Technology on Cooperation in the Fields of Science and Technology

The IP fleshes out the specific cooperation between the two sides pursuant to the 2003 MoU and covers areas like exchange of experiences, seminars, conferences etc

8. MoU between Indian Council for Cultural Relations(ICCR) and Islamic Culture and Relations Organisations(ICRO) of the IR Iran

The MoU provides for institutional mechanisms for cooperation between ICCR and ICRO and lays down the modalities for the cooperation

9.MoU between ECGC [Export Credit Guarantee Corporation] Limited of India and the Export Guarantee Fund of Iran (EGFI)

The MoU seeks to establish a framework of cooperation between ECGC and EGFI in supporting and encouraging foreign trade and foreign investment between India and Iran and, where appropriate, the supply of goods and services from their respective countries as part of a project to a third country.

10. MoU between National Aluminium Company Limited (NALCO) and the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)

The objective is for the two parties to jointly explore the possibility of manufacturing aluminium metal by setting up of a smelter on joint venture basis in Iran and/or entering into tolling arrangements with smelters in Iran or any other form of business collaboration.

11. MoU between IRCON and Construction, Development of Transport and Infrastructure Company (CDTIC) of Iran

This MoU will enable IRCON to provide requisite services for the construction of Chabahar-Zahedan railway line which forms part of transit and transportation corridor in trilateral agreement between India, Iran and Afghanistan. Services to be provided by IRCON include all superstructure work and financing the project (around US$ 1.6 billion).

12. MoU for cooperation between the National Archives of India and the National Library and Archives Organisation of the Islamic Republic of Iran

The agreement is aimed at facilitating exchange of information and knowledge in the field of archival matters through exchange of manuals, guidelines, rules, publications and other special literature on archival topics.

Source- Ministry of External Affairs

First published: 23 May 2016, 3:17 IST