With breakthrough in equipment procurement, India and Iran sign 10-year deal for Chabahar port

India and Iran Sign 10-Year Agreement for Chabahar Port Operations

ET Infra reported that Iran’s PMO will procure essential cargo handling equipment for the Indian-financed Chabahar Port. IPGL will increase investment to $120 million from $85 million for the equipment supply. Delays due to Western sanctions on Iran have hindered the port’s operations, but a new agreement aims to expedite equipment procurement.

Continue reading
Advertisements