India invests $1 billion in Chabahar port development

India commits $1 billion for Chabahar port development

According to the Iranian Deputy Minister of Highways, India is set to invest $1 billion in the development of Chabahar Port. Negotiations with Indian investors took place three months ago, with the signing of the supply contract for relevant equipment for the port in its final stages. Last month, Iran and India signed a partnership agreement with IPGL to enhance trade links with Central Asia.

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India and Iran will sign a Chabahar Treaty after the 2024 elections

India to Sign Long-Term Agreement with Iran for Chabahar Port Development in 2024

A high-level Indian delegation, led by the Shipping Minister, is set to visit Iran after India’s general elections in the latter half of 2024. This visit will facilitate the signing of a contract to fully utilize the strategically vital Chabahar Port, developed with Indian aid, confirming a positive and lucrative agreement between both countries.

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