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The Indian government plans to begin interim operations at Chabahar port in Iran by tweaking the shareholding pattern of India Ports Global Limited and making it a government entity. This is expected to satisfy the terms imposed by US sanctions on Iran and yet allow India to operate the project.
The operations will kick off in a few weeks even though there was a terrorist attack on the port city on Friday, an Indian government source said.
The government is buying out the shares of India Ports Global, which are now held in a 60-40 ratio by the Jawaharlal Nehru
