Cabinet approves Iran port project
In a move that could offer significant geo-strategic advantage to India by way of smooth access to Afghanistan, the Union Cabinet on Saturday gave its approval to India’s participation in the Chahbahar port project in Iran. The Cabinet chaired by Prime Minister Narendra Modi cleared the long pending inter-governmental framework MoU, to be signed between India and Iran. An Indian Joint Venture (JV) company will lease two fully constructed berths the port’s first phase for a period of 10 years, with an investment of $ 85.21 million within 12 ...
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