The government has allowed an Iranian bank to open a branch in Mumbai, Union Minister Nitin Gadkari said on Tuesday after a meeting with Iran’s Foreign Minister Md Javad Zarif here.
Iran’s Bank Pasargad will open its branch within the next three months. Gadkari said, “the Government of India has already given permission to Iran to open a bank branch in Mumbai. They are going to open a branch in Mumbai in three months. That will be used for transactions“.
Shipping, Road Transport and Highways Minister Gadkari termed his meeting with Iranian Minister on Chabahar Port “fruitful”. We had detailed discussions... Our meeting was very fruitful and we have resolved a lot of issues,” Gadkari said. India has placed $ 85 million machinery order for Chabahar, which is a port on the coast of the Gulf of Oman, and is Iran’s southernmost city.