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Iran is among the guest countries invited to the BRICS Summit by host South Africa.
The Indian government made an outlay of one billion rupees (over $12 million) for Chahbahar port in its 2023-24 budget, the same level as the allocation in the past two fiscal years, Hindustan Times wrote. This reflected the focus on connectivity projects including the International North-South Transport Corridor (INSTC).
India had earlier committed a grant aid of $85 million and a credit facility of $150 million for developing the Shahid Beheshti terminal, for which the US granted a special waiver from sanctions imposed on Iran.
Modi said the India-Iran relationship is “underpinned by close historic and civilizational connections” including strong people-to-people contacts. He further condemned a recent fatal terrorist attack on the Shah Cheragh Shrine in Iran’s southern city of Shiraz, voicing his sympathy with the government and nation of the Islamic Republic and the families of victims of the attack. For his part, Raeisi thanked Modi for his sympathy regarding the terrorist attack in Shiraz.
He also said, “Iran wants to strengthen regional integration and develop economic relations and, thus, seeks interaction with all countries of the world, especially Asian countries.”
It is important to develop interactions with India, especially in the fields of transit and energy and regional security, Raeisi added.
He demanded the development of transportation cooperation, particularly in the INSTC, and the acceleration of putting the Chabahar port facilities into operation.