Posts tagged ‘Tehran’

10/06/2016

Is China Rattled By the India-U.S. Love-In? – India Real Time – WSJ

Indian Prime Minister Narendra Modi has made strengthening ties with the U.S. one of his key foreign-policy objectives, as the two countries seek to counterbalance China’s growing footprint in Asia.

In a speech to a joint meeting of the U.S. Congress Wednesday, the conclusion of a three-day trip to the country, Mr. Modi didn’t directly mention China, but said: “In Asia, the absence of an agreed security architecture creates uncertainty.

”A strong India-U.S. partnership can “help ensure security of the sea lanes of commerce and freedom of navigation on seas,” he added.

So is the beefed-up alliance between the two countries making Beijing uncomfortable? The country’s press provides some clues.

Source: Is China Rattled By the India-U.S. Love-In? – India Real Time – WSJ

08/06/2016

In boost to Paris climate pact, India says it aims to join this year | Reuters

India has agreed to work toward joining the Paris Agreement on climate change this year, India and the United States said on Tuesday, giving a jolt of momentum to the international fight to curb global warming.

At a time of heightened tensions in Asia over China’s assertive pursuit of territory, the two countries also pledged to expand military cooperation and outlined principles for cooperation on cyber issues.

President Barack Obama welcomed Indian Prime Minister Narendra Modi to the White House for their seventh meeting since Modi took office in 2014, underscoring the warm relationship between the leaders and the world’s two largest democracies. Modi is to address the U.S. Congress on Wednesday.

“We discussed how we can, as quickly as possible, bring the Paris Agreement into force,” Obama told reporters. Climate change is a legacy issue for the U.S. president who leaves office in January.

India’s potential entrance into the agreement this year would help accelerate its enactment, perhaps years ahead of schedule. India is the world’s third-largest greenhouse gas emitter after China and the United States.

The two countries also welcomed preparations that could lead to the building of six nuclear reactors in India by U.S.-based Westinghouse, in what would be the culmination of some 10 years of work to resolve civil-nuclear issues.

The joint statement said India and the U.S. Export-Import Bank were working to complete a financing package for the project and that the Nuclear Power Corporation of India and Westinghouse had confirmed engineering and site design work would begin immediately.It said Westinghouse and the Nuclear Power Corporation of India would work toward finalizing the contract by June 2017 – a year later than Westinghouse’s chief executive, Daniel Roderick, said he hoped for in an interview with Reuters in late March.

Modi told an event organized by the U.S. India Business Council that relations between India and the United States were “closer than ever.” He said the planned reactor purchases would mark new era in nuclear and scientific cooperation.Modi’s address to a joint session of Congress will be a significant personal step. Although this has become a tradition for Indian prime ministers, he was once banned from the United States over massacres of Muslims.

More than 1,000 people, mostly Muslims, were killed in sectarian riots in Gujarat in 2002 when Modi had just become the state’s chief minister. Modi has denied any wrongdoing, and India’s Supreme Court in 2010 ruled there was no case.In the joint statement, the United States said it now recognized India as a “Major Defense Partner” and would work on technology sharing “to a level commensurate with that of its closest allies and partners.

“The text of a logistics agreement, which will allow the countries’ militaries to use each other’s land, air and naval bases, would be signed soon, a U.S. official said.

Tensions between the United States and Pakistan as well as regional concerns about China have served as a backdrop to increased security cooperation.Senator John McCain, chairman of the U.S. Senate Armed Services Committee, said the address to Congress was “entirely appropriate” given the new partnership.”

There’s no doubt there are significant tensions and challenges in the region, which argues for closer coordination between our militaries,” he said.While Modi is generally popular with U.S. lawmakers, they criticize what they see as lingering unfriendliness to U.S. firms and a stifling bureaucracy, in spite of Modi’s pro-business image. They also question New Delhi’s record on human rights.Modi got a boost on Tuesday when Amazon Inc AMZN.O Chief Executive Jeff Bezos said his company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion.

Source: In boost to Paris climate pact, India says it aims to join this year | Reuters

04/06/2016

Dam completion signifies growing Indian influence in Afghanistan | Reuters

Prime Minister Narendra Modi visited Afghanistan on Saturday to mark the completion of a nearly $300 million hydroelectric dam project, the latest symbol of Indian investment in its South Asian neighbour.

The dam, originally built in western Herat province in 1976 before being damaged during the civil wars of the 1990s, was rebuilt by some 1,500 Indian and Afghan engineers, according to the Indian Ministry of External Affairs.

“It is symbol of our friendship and would usher in hope, light up homes, nourish the fertile fields of Heart and bring prosperity to the people of the region,” Modi said in a social media post as he departed for Afghanistan, the first stop on a five-country trip.

Afghan President Ashraf Ghani has nurtured closer ties with India in the past year as relations with Pakistan have deteriorated in the face of continued insurgent attacks and border tensions.

Afghanistan has walked a fine line as it accepts Indian aid, with Pakistan historically wary of any Indian influence in Afghanistan.

Salma Dam is another big step in deepening and broadening the relationship between Afghanistan and India,” Ghani said in a post on Twitter.

At more than 100 metres (330 feet) high and 540 metres (1,770 feet) wide, the dam is designed to generate 42 megawatts of power and help irrigate 75,000 hectares of land, according to Modi.

India has poured more than $1 billion into Afghanistan reconstruction projects and humanitarian aid, making it one of the largest donors to the war-torn country.

A new national assembly building in Kabul and major power line and road construction have been among the main projects funded by India.

Source: Dam completion signifies growing Indian influence in Afghanistan | Reuters

21/02/2014

India doubles Iran oil imports in Jan from Dec -trade | Reuters

India’s oil imports from Iran more than doubled in January from a month earlier, with one state refiner returning from a three-month break as a buyer after sanctions on Tehran were eased due to the interim deal on its nuclear programme.

Yet, the jump may not signify a sudden flood of Iran’s oil to the market as clients bump up imports. India was able to take more of the crude because it earlier cut its buys the most among Tehran’s top clients and more than what was needed under the Western sanctions aimed at Iran’s disputed nuclear ambitions.

India’s oil purchase from Iran in January surged to 412,000 barrels per day (bpd), up from 189,100 bpd in December and 44 percent higher than a year ago, data compiled by Reuters showed.

January shipments from Iran were the highest since February 2012, shortly after new toughened sanctions from the United States and Europe went into effect, the data also showed. Iran was also India’s second biggest supplier for a month for the first time since March 2012, the data showed.

The big jump last month brings India’s imports from Iran over April-January to about 201,000 bpd, still a decline of 26 percent from the same 10 months a year earlier.

That’s below a target of 220,000 bpd for the fiscal year that ends March 31, but if imports are held at close to the January levels, the earlier cuts could be wiped out.

via India doubles Iran oil imports in Jan from Dec -trade | Reuters.

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13/02/2014

Iran asks India for $1.5 bln in oil payments under nuclear deal -sources | Reuters

Iran has asked India for $1.5 billion in back oil payments under the nuclear deal that provides Tehran some relief from Western sanctions, Indian sources with direct knowledge of the matter said on Thursday.

If the payments are approved, this could make India the third of Iran’s major buyers, after Japan and South Korea, to start processing frozen back payments. The payments are contingent on Iran holding to its agreement to start curbing its nuclear programme.

Indian refiners are holding about $3 billion in payments due the Middle Eastern crude producer, one of the sources said.

Other funds owed to Tehran are held in a rupee-denominated account at India’s UCO Bank.

Under the Nov. 24 agreement with six major powers, Iran won access to $4.2 billion of its oil revenues frozen abroad. The fund will be paid out in eight money transfers on a schedule that started with a $550 million payment by Japan on Feb. 1.

via Iran asks India for $1.5 bln in oil payments under nuclear deal -sources | Reuters.

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