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India, Iran sign pact on leasing port during Hassan Rouhani visit

India is trying to develop Chabahar as a way to gain access to the markets of central Asia as well as Afghanistan

Reuters  |  New Delhi 

India and Iran on Saturday signed agreements including Tehran leasing to New Delhi operational control of part of the Iranian east coast port of Chabahar for 18 months. The $85 million project, just 90 km from the China-sponsored Gwadar port in Pakistan, creates a transit route between India, Iran and Afghanistan, bypassing Pakistan. India is trying to develop Chabahar as a way to gain access to the markets of central Asia as well as Afghanistan. But progress is slow because of concern that U.S President Donald Trump's administration in Washington may eventually scrap the ...

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First Published: Sat, February 17 2018. 18:30 IST
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