Iran has invited Indian investments of about $8 billion in infrastructure projects without wasting time in cheap negotiation. Gholamreza Ansari, the Iranian Ambassador said that India has been a reliable partner of Iran and it should take advantage before other western countries starts investing after lifting of sanctions in the next 3-5 months, pursuant to a nuclear deal between Iran and Western countries earlier this month. Further Ansari said all big European countries like Germany, France and others would seize on the opportunity to invest in Iran and hence asked India to take advantage of the right time, as India was always there during the difficult time of sanction.
Iranian Ambassador said 'Iran is a reliable partner for the business. It used to be so for a long time (before sanctions) and the sentiments and attitude especially towards India is positive. India investing in Iran is obvious fruitful business for Indians'. Further he added that many Indian companies have expressed business interest in various fields and negotiations are going on in different fields.
Earlier, Iranian President Hassan Rouhani had offered India a greater role in its strategic infrastructure projects which include ports, railroads and highways and investment of $8bn, during his meeting with PM Narendra Modi in Ufa, Russia earlier this month on the sidelines of the SCO (Shanghai Cooperation Organization). He had said that Modi government's focus is on connectivity which coincides with Iran’s government policy. Hence Iran has asked India to get into the projects like building strategic ports like Chabahar, constructing big highways and railroads. The agreement between the two countries to develop the Chabahar port in Southeast Iran was made in May this year.