Iran and India ink 12 agreements, MoUs
Q. India and which country inked 12 agreements during PM Modi’s visit there in May 2016?- Published on 24 May 16a. Iran
b. Iraq
c. Afghanistan
d. Pakistan
ANSWER: Iran
India and Iran have inked a dozen agreements ranging from contract to developing strategic Chahabar port to an initial pact to establish an aluminium plant and one on railways line to give India access to Central Asia and Afghanistan.
- 12 agreements and MoUs signed during the PM’s visit to Iran have deepened bilateral ties in diverse fields
- Main agreement signed was a contract for development of Phase I of the Chabahar port on southern coast of Iran by an Indian joint venture.
- Also an agreement to provide USD 150 million credit line was signed by Exim Bank of India. IRCON signed an initial agreement to lay a rail line from Chabahar port to Zahedan, while state-owned Nalco signed an MoU to look at possibility of setting up a 0.5 million tonne aluminium smelter at Chabahar free trade zone provided Iran gives cheap natural gas.
- An MoU was also signed between the Export Guarantee Fund of Iran and the Export Guarantee Corporation of India. Also signed was an executive protocol between the Ministry of Science, Research and Technology of Iran, and India's Ministry of Science and Technology and an MoU between National Archives of India and National Library of Iran.
- An executive programme of cultural cooperation between the Ministry of Culture and Iran's Ministry of Culture and Islamic Guidance as well as an MoU between Iran's Islamic Culture and Relations Organisation and the Indian Council for Cultural Relations was also signed.
