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A geopolitical berth

Gains from Chabahar deal go beyond logistics

The signing of the Long Term Bilateral Contract on Chabahar Port Operations in presence of HE Mehrdad Bazrpash, Minister of Roads & Urban Development, Iran & India's Minister of Ports, Shipping and Waterways Sarbananda Sonowal | Photo: X/ @sarbanands
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The signing of the Long Term Bilateral Contract on Chabahar Port Operations in presence of HE Mehrdad Bazrpash, Minister of Roads & Urban Development, Iran & India's Minister of Ports, Shipping and Waterways Sarbananda Sonowal | Photo: X/ @sarbanands

Business Standard Editorial Comment Mumbai

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More than two decades after the project was conceived under the Atal Bihari Vajpayee government and almost eight years after the Narendra Modi government signed an agreement to establish an International Transport and Transit Corridor at Chabahar, India and Iran finally signed a 10-year operational contract on Monday. The agreement, between Indian government-owned India Ports Global Ltd (IPGL) and Ports and Maritime Organisation (PMO) of Iran, commits the former to invest roughly $120 million to equip and operate the port. A rupee credit window of $250 million to augment infrastructure is also on the table. The immediate significance of the

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First Published: May 14 2024 | 10:24 PM IST

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