India has welcomed the announcement of lifting of nuclear-related sanctions against Iran. In a statement Embassy of India in Tehran said, the milestone represents a significant success for patient diplomacy and signals a new chapter of peace and prosperity.<br/><br/> The statement said, India is looking forward to further developing its longstanding, close and mutually beneficial economic cooperation with Iran, including in the spheres of energy and regional connectivity.<br/><br/>Recently, the United States had lifted economic sanctions against Iran following nuclear deal after the international nuclear watchdog, the IAEA, said Tehran complied with a deal designed to prevent it from developing nuclear weapons.