Modi and Rouhani have met earlier at Ufa in Russian Federation, on the sidelines of a Shanghai Cooperation Organization meeting.
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PM Modi will start his USA visit on 8 June.
During the visit, Mr. Modi will call on the Supreme Leader of Iran and will hold talks on a wide range of subjects of mutual interest with Mr. Rouhani.
In May 2014, India and Iran signed a Memorandum of Understanding (MoU) to jointly develop the port once the worldwide sanctions against Iran were lifted.
The MEA said, “Iran is situated in India’s extended neighbourhood and the two countries have significant overlap in their economic and security space”.
Before he took office, Mr. Modi’s liberal enemies feared he would become a powerful, authoritarian prime minister who would impose or allow his religious backers to impose fundamentalist Hinduism on India’s heterogeneous population.
Post-sanctions Iran has seen a flurry of diplomatic and business activity with leaders from China to Russian Federation courting Tehran. India had voted against Iran at the International Atomic Energy Agency over its clandestine nuclear programme and, under pressure from the USA, slashed oil imports from the country by up to 40 per cent during the period.
Turkey’s Halkbank has been identified to facilitate the payment and the money will be paid in euros, Kumar said. Mr. Modi’s trip on May 22-23 is expected to bridge the trust deficit in bilateral cooperation and boost energy and trade ties while expediting India’s connectivity plans.
Kirby said US-India is a “special relationship”.
New Delhi conveyed to Tehran its interest to return to the project after sanctions were eased a year ago.
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The establishment of a transit-transport corridor with Chabahar port in Iran’s Sistan-Baluchistan province at its heart will allow Afghanistan to bypass Pakistan for trade with India. The Centre has also approved a $ 400 million line of credit for the supply of steel rails from India, and IRCON officials are expected to visit Iran for discussions on the Chabahar-Zahedan railway link. However, in recent months, in the wake of several ministerial visits to Tehran and Delhi, there has been some movement at least on paper, with the finalisation of a trilateral agreement on Chabahar among India, Iran and Afghanistan.
