https://sputniknews.in/20240706/india-agrees-to-invest-120-million-in-irans-chabahar-project-7792357.html
India Agrees to Invest $120 Million in Iran's Chabahar Project
India Agrees to Invest $120 Million in Iran's Chabahar Project
Sputnik India
India has agreed to invest $120 million in Iran's Chabahar Port project, Iranian Ambassador to India, Iraj Elahi has revealed.
2024-07-06T20:09+0530
2024-07-06T20:09+0530
2024-07-06T20:09+0530
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India has agreed to invest $120 million in Iran's Chabahar Port project, Iranian Ambassador to India, Iraj Elahi has revealed.The $120 million investment is for the Shahid Beheshti Terminal of the Chabahar Port.Moreover, he emphasized that India has opened a $250 million credit line for infrastructure development in Iran's southeast.Earlier this year, India and Iran signed a 10-year agreement wherein the former will operate the Chabahar Port.Under the terms of the deal, India Port Global Limited (IPGL) would run the Chabahar Port's cargo and container terminals for ten years.
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india, iran, iranian port of chabahar thereby, middle eastern, indian minister of ports and shipping, sarbananda sonowal, shahid beheshti port, chabahar, between india ports global ltd. & ports and maritime organisation of iran”, indian ministry of ports and shipping highlighted on x (former twitter)chabahar port, strategic importance to india, afghanistan, central asia, eurasian region, chabahar port, pgl, indian external affairs minister, jaishankar, iranian’s foreign minister h. amirabdollahian, instc, india, gaza strip” commodore r s vasan (retd), director general of the chennai centre of china studies, deep-sea access, afghanistan, pakistan, and india, afghanistan, international trade, captain kamlesh k agnihotri (retd), senior fellow, national maritime foundation, shahid beheshti terminal, international north-south transport corridor (instc), indian ocean and the persian gulf to the caspian sea via iran, and onward to northern europe via st. petersburg in russia, imec, gaza strip, red sea, cost-cutting measures, cape of good hope, maritime trade, transportation technology, connectivity, and overcoming weather-related obstacles
India Agrees to Invest $120 Million in Iran's Chabahar Project
Iran's Chabahar Port is a key infrastructure project built by India with an aim to link land-locked Afghanistan with the sub-continent and other central Asian countries.
India has agreed to invest $120 million in Iran's Chabahar Port project, Iranian Ambassador to India, Iraj Elahi has revealed.
The $120 million investment is for the Shahid Beheshti Terminal of the Chabahar Port.
Moreover, he emphasized that India has opened a
$250 million credit line for infrastructure development in Iran's southeast.
"India has agreed to open a credit line for about USD 250 million for the implementation of infrastructural projects in the southeast of Iran. Besides this, according to the Chabahar port contract, India has accepted to invest USD 120 million. Besides this, we are witnessing that the attention of Indian investors toward Iran is increasing," Iran's Ambassador to India, Iraj Elahi was quoted as saying by Indian news agency.
Earlier this year, India and Iran signed a 10-year agreement wherein the former will operate the Chabahar Port.
Under the terms of the deal, India
Port Global Limited (IPGL) would run the Chabahar Port's cargo and container
terminals for ten years.
